The Saga Continues: A New Addition to the Currency Unions and Trade Literature

Previously on this blog, I have written about the saga of the Currency Unions and Trade literature. This literature began with Andrew Rose, the famed discoverer of the finding that currency unions, like the Euro, appear...

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Is Craig Wright Satoshi and Does It Matter ?

* This post was written before the fork and needs to be updated. I wrote it because I was worried that many Bitcoin owners who will be getting their BCH tokens have been advised in the main forums to ditch them for BTC as soon as possible in order to tank the price of the new token. I felt that this...

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Public Service Announcement: The US Labor Market is Still Losing Ground Relative to Trend

We keep hearing how good the labor market is these days. We've created more than 16 million jobs since the financial crisis! Unemployment is the lowest since 2001!  Time to raise rates, since the economy is overheating....

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In the Idiocy of Kevin Warsh: More Evidence for the 'Self-Induced Paralysis' Thesis

I believe it is clear that the main reason the economy has been growing slowly since the financial crisis is overly tight monetary policy. Inflation has been chronically low. The unemployment rate now admittedly looks good,...

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Ben Bernanke, in Denial? "When Growth is Not Enough"

"When Growth is Not Enough" is the title of a recent Ben Bernanke speech in Portugal. I found it via the NYT article on the "Robocalypse", which contained this bizarre quote from Ben S. Bernanke "as recent political...

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