Considering the bond yields have only risen slightly, and that monetary overhang from covid is still huge, it’s difficult to be remotely confident that monetary conditions have been tight.
Jeff makes the case for viewing today's economy as quite unlike that of 2007—due to steady increases in CPI, more fiscal stimulus relative to monetary stimulus, and ongoing supply shock issues from covid.
The economics discipline has devolved into statistics, models, and hard science envy. Is the profession doing any good, or active harm? Per Bylund joins Jeff and Bob to discuss.
Hunter Hastings joins Jeff for a thoroughgoing discussion of how monetary and fiscal policy distort capital markets and create perverse incentives for financialization rather than real production.
As inflation ravages the economy, easy money is disappearing, with political and legal consequences to follow.
American political, educational, and economic life is increasingly dominated by "experts." We should not be surprised that they fail most of the time.
The woes of Britain's financial sector have been exacerbated by UK financial regulators' failures.
