One of the confusing concepts in public economics is how the government prints money and where it goes. The Treasury is responsible for literally running the presses that print the cash, but the Fed is in charge of deciding how…
Blog Archives
Phantom Money Measures and Predictions of Phantom Inflation
UPDATE: Today I came across this old post that I started a year ago and never quite finished. I’ll finally post it now, but I’ll try to put it in at the date when I originally wrote it. Suppose everyone…
New Monetarists Are Redistributionists
Conservative economists are sometimes stereotyped as being anti-inflation, ‘hard-money‘ Austrians because the Austrians tend to be staunchly conservative. This is not fair because the Austrian gold-bugs are a very small faction of conservatism compared with the Keynesian conservatives who have…
Primer On Macroeconomics Political Divisions
Updated 2018/01/26 Unlike the natural sciences, macroeconomic ideas have implications that can dramatically redistribute wealth. That makes macroeconomics much more political than the natural sciences (with the exception of climate change) and the left–right political spectrum between progressives and conservatives…
Posted in Macro
Australian Economic Miracle?
Matt Yglesias at Slate’s Moneybox has been focusing on Australia’s two-decades without a recession because: The fact that a living breathing developed economy seems to have mastered the trick of avoiding spells of mass unemployment should be a bigger story…
Posted in Macro
Robin Hood In Glassland
Updated at Robin Hood and broken window facts and fallacies
Robin Hood Breaking Windows
Updated at Robin Hood and broken window facts and fallacies
Posted in Macro
Medianism 