TheMoneyIllusion

A slightly off-center perspective on monetary problems.

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Bad news for Dems

May 19, 2019

Facebook Twitter Google+ LinkedIn In 2015, the UK Conservatives did better than predicted by the polls. In 2016, Brexit did better than expected. At the time, I did a post pointing out that the surprise Brexit vote was bad news for Dems (although I later botched the election itself.) Yesterday, (conservative) Liberals won... Read More >>
Other Posts

Tariffs can be deflationary


Facebook Twitter Google+ LinkedIn Tariffs are generally assumed to have an inflationary effect on the economy. I imagine that’s true in most... Read More >>

Does Trump actually want lower rates?


Facebook Twitter Google+ LinkedIn Oh, I know that Trump wants the Fed to cut its target rate ASAP. But that’s not my... Read More >>

Why fly?


Facebook Twitter Google+ LinkedIn I hate flying. There’s driving to the airport, then looking for a parking space, then airport security, (some... Read More >>

Fracking drives manufacturing


Facebook Twitter Google+ LinkedIn [Before starting, let me recommend a new Sebastian Edwards paper discussing the effectiveness of MMT-style policies in Latin... Read More >>

Inching toward NGDP targeting


Facebook Twitter Google+ LinkedIn An increasing number of important people recognize that NGDP level targeting is superior to inflation targeting. Nonetheless,... Read More >>

What qualities does Trump look for when staffing his administration?


Facebook Twitter Google+ LinkedIn (actual post at end) Here’s Ross Douthat: Not so Trump: All instinct and solipsism, he simply doesn’t care enough about... Read More >>

What should we make of current market signals?


Facebook Twitter Google+ LinkedIn For those foolish enough to pay attention to my predictions, here are a few thoughts on the current... Read More >>

The Swiss still have plenty of ammo


Facebook Twitter Google+ LinkedIn During the Great Recession, the Fed’s target interest rate never fell below 0.25%. The various QE programs... Read More >>

Steve Moore’s peculiar logic


Facebook Twitter Google+ LinkedIn This caught my eye: Moore said on “This Week” that one of the most compelling reasons he should be... Read More >>