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    Economics / consumption, Federal Reserve Board, inflation, interest rates, jobs, monetary policy, recovery, unemployment, wages /

    Interest Rate Mania

    October 29, 2015

    People keep asking me about interest rates. I wish they would stop. The question always make me feel like mimicking Eugene Fama: rates are rates. They are what they are. Perfect reflections of whatever they meant to be reflections of. And so on. Such amazing analytical insight is worthy of one of those pseudo Nobel […]

    Economics / Chandler, economic theory, strategy, structure /

    Strategy and Structure

    October 29, 2015

    Yes, I know, Chandler already wrote a famous book about it. But he was talking about something else. He was talking about strategy as structure. Hmm. Come to think about it he was right. We have discussed the problem of expectations here many times, and it was recently argued that modern economics has a problem because […]

    Commentary, Politics / debt ceiling, fiscal cliff, government spending, Republicans /

    Debt Ceiling – Reminder

    October 26, 2015

    Just in case you thought we had entered a quieter period in our politics, allow me to remind you that the oddity known as the debt ceiling will be reached on November 3rd. That’s pretty soon. More to the point Speaker John Boehner is complaining he doesn’t have the votes to pass legislation raising it. […]

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