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There is a huge hole in Trump's promise to bring back US manufacturing jobsThat's the title of an article from Business Insider.There is much I like about these articles. This one is better than most, as it at least plots dat… Read More
A Quick Argument Why Not to Raise Interest RatesI teach today, so this will be quick. Why am I opposed to raising interest rates?First, I should mention this is a debate which we've had before. When… Read More
A Policy Proposal for US Manufacturing, and the Economy: Don't Raise the Federal Funds RateDoug Irwin shared a nice article in the WSJ which makes a nice point that trade deficits, by themselves, don't imply that trade is unfair. It's a… Read More
The Peso has recovered. Good news for the future of NAFTA... With the US dollar already a bit overvalued, and the US stock market also looking richly valued by historical measures, I need something to invest in … Read More
Links to Two Short Essays on Monetary Policy, One Good, One BadFirst, new FOMC member Neil Kashkari tells us why he dissented on this week's interest rate hike. It's a great essay. I laughed at "over the past… Read More
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