Scott Bessent and financial repression
Market intervention or bust
Institutional Economics
Economics, finance and public policy.
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Japan as poster child for market monetarism (in a good way)
Why the BoJ's QE program was a free lunch
The sum of all Bessent's fears
What joint foreign exchange market intervention tells us
Open mouth operations: The case for more forward guidance, not less
Warsh wants the title, but not the actual job. The job will find him anyway
Money, policy errors, and the Fed
All roads lead to the Sumner singularity
Kevin Warsh likes monetarism, but does monetarism like Kevin?
Roubini and Miran's excellent monetarist adventure (with a helping hand from Peter Ireland)
Can US exceptionalism survive demographic decline?
No fate but what we make
Grading the turn-of-the year consensus
Half-time score
Too Lowe for zero
The RBA's framework for additional monetary policy tools
The Ever Lovely and the oil contango
The oil price shock is over, the positive demand shock isn't
My review of The Age of Turbulence, by Alan Greenspan (1926-2026)
A memoir of a not-so-turbulent age