Interest Rate Surge?
US long term interest rates are surging.
The Grumpy Economist
News, views, and commentary from a free market point of view. I moved from Blogger to Substack in December 2023. For previous posts back to 2011 see my Blogger page at https://johnhcochrane.blogspot.com
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Latest posts
Wealth Tax 2.0
Senator Bernie Sanders and Representative Ro Khanna just introduced a bill proposing a permanent national 5% wealth tax on billionaires, along with an ambitious spending program for the results.
Three news items and a lesson
Today, a few small recent economic news items add up to a bigger picture.
Raise rates? Warsh's conundrums
Inflation is stubbornly high, and the Fed mulls whether to raise rates.
AI regulation
I prepared two “weekly rants” on AI which will come out in a few weeks.
Pay Your Debts: Alexander Hamilton
This is an essay I wrote for Hoover’s Freedom Frequency substack, in their series on the founders.
Trade Basics
Follow the money past the initial recipient.
Warsh's Challenges, Financial Regulation
I wrote two opeds on the future of the Fed for the Washington Post. Full text of the first one, focusing on monetary policy, in my previous post here. The second focusing on financial regulation is joint with Amit Seru.
Sluggish expectations
As part of a big revision of “Inflation”, a short book resulting from last year’s Brunner lecture, I wrote the following short section.
Warsh's Challenges: Monetary Policy (full version)
This is an OpEd at the Washington Post. Their title: “How to protect the economy from the ghosts of 1979.” (Really 1951!) I posted an excerpt a month ago. Here is the full version.