Celebrating humanity's flourishing through the spread of capitalism and the rule of law
16 Mar 2026 Leave a comment
in business cycles, econometerics, economic growth, fiscal policy, macroeconomics, monetary economics Tags: monetary policy
When recessions hit, the US Federal Reserve lowers its target interest rate–the “federal funds interest rate.” This interest rate applies to extremely safe borrowing: essentially, to overnight borrowing by large and safe financial institutions. The idea is that by altering this ultra-safe interest rate, other riskier interest rates will also be under pressure to adjust,…
Did Negative Interest Rates Work ?
16 Mar 2026 Leave a comment
in business cycles, defence economics, economic growth, energy economics, industrial organisation, international economics, International law, macroeconomics, resource economics, war and peace Tags: Iran
By ChatGPT-5.2 If Iran’s oil exports alone stopped, the world would feel it, but it would probably be a serious price shock rather than an immediate global supply collapse. Iran has recently been exporting roughly 1.1–1.5 million barrels a day, close to its 2025 average of about 1.69 million barrels a day, with China buying more than 80% of those shipped […]
If Iran stopped exporting oil
08 Jan 2026 Leave a comment
in business cycles, macroeconomics, monetary economics, politics - New Zealand
The Reserve Bank announced: “Following the completion of the review commissioned by the Board in March, we are pleased to announce modernised capital rules that will support an efficient and resilient financial system,” said Rodger Finlay, Chair of the RBNZ Board. “We recalibrated our risk appetite to have regard to our new Financial Policy Remit,…
Reserve Bank sees sense
05 Dec 2025 Leave a comment
in business cycles, econometerics, economic history, economics of bureaucracy, macroeconomics, monetary economics, politics - USA, Public Choice Tags: monetary policy
From a forthcoming paper by Thomas Drechsel: This paper combines new data and a narrative approach to identify variation in political pressure on the Federal Reserve. From archival records, I build a data set of personal interactions between U.S. Presidents and Fed officials between 1933 and 2016. Since personal interactions do not necessarily reflect political…
Political pressure on the Fed
20 Oct 2025 Leave a comment
in applied price theory, business cycles, economic growth, entrepreneurship, history of economic thought, macroeconomics
Has AI been propping up the American economy? For instance “the Bureau of Economic Analysis’s category for investment in information processing equipment and software accounts for over 90 percent of economic growth in the first half of 2025.” The key question is what would have been done with those resources otherwise. Regardless of their specific […]
Some simple economics of AI and macro cycles
19 Oct 2025 Leave a comment
in applied price theory, business cycles, economic history, fiscal policy, great depression, history of economic thought, macroeconomics, monetary economics Tags: monetary policy
Here is the audio, video, and transcript. Here is part of the episode summary: Tyler and George discuss the surprising lack of fiscal and monetary stimulus in the New Deal, whether revaluing gold was really the best path to economic reflation, how much Glass-Steagall and other individual parts of the New Deal mattered, Keynes’ “very […]
My excellent Conversation with George Selgin
14 Oct 2025 Leave a comment
in budget deficits, business cycles, economic growth, fiscal policy, history of economic thought, macroeconomics, monetarism, monetary economics
01 Oct 2025 Leave a comment
in business cycles, economic growth, fiscal policy, international economics, liberalism, libertarianism, macroeconomics, monetary economics, politics - USA Tags: Argentina
Earlier this month, shortly after some depressing results in a regional election in Argentina, I was interviewed by Patrick Young. In this clip, I express concern Argentine voters will backslide to Peronism. As one might expect, some people are concerned the Peronist victory in the Buenos Aires regional election could be a harbinger of bad […]
Understanding Financial Instability in Argentina
29 Sep 2025 Leave a comment
in budget deficits, business cycles, economic growth, fiscal policy, inflation targeting, macroeconomics, monetary economics, politics - New Zealand Tags: monetary policy
The NZ Initiative has a research note out on how fiscal policy needs to work with monetary policy. They comment: This analysis does not dispute that the RBNZ’s high interest rates were the proximate cause of the downturn. However, it argues the Bank had little choice. It was confronted with the insidious threat of inflation […]
Monetary policy needs mates
28 Sep 2025 Leave a comment
in budget deficits, business cycles, economic growth, fiscal policy, history of economic thought, macroeconomics, monetary economics
23 Sep 2025 Leave a comment
in budget deficits, business cycles, economic growth, fiscal policy, human capital, labour economics, macroeconomics, occupational choice Tags: forecasting errors
23 Sep 2025 Leave a comment
in business cycles, economic growth, economic history, global financial crisis (GFC), great recession, macroeconomics Tags: real business cycle theory
12 Sep 2025 1 Comment
in budget deficits, business cycles, currency unions, fiscal policy, history of economic thought, inflation targeting, macroeconomics, Milton Friedman, monetarism, monetary economics Tags: monetary policy
25 Aug 2025 Leave a comment
in budget deficits, business cycles, economic growth, economic history, economics of bureaucracy, fiscal policy, inflation targeting, macroeconomics, monetary economics, politics - New Zealand, Public Choice Tags: economics of pandemics, monetary policy
I got home from Papua New Guinea at 1:30 on Saturday morning and by 3:30 yesterday afternoon I’d finished Grant Robertson’s new book, Anything Could Happen, and in between I’d been to two film festival movies, a 60th birthday party, and church. It is that sort of book, a pretty easy read. In some respects, […]
Reading Grant Robertson
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
A History of the Alt-Right
Econ Prof at George Mason University, Economic Historian, Québécois
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Why Evolution is True is a blog written by Jerry Coyne, centered on evolution and biology but also dealing with diverse topics like politics, culture, and cats.
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
WORLD WAR II, MUSIC, HISTORY, HOLOCAUST
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Res ipsa loquitur - The thing itself speaks
In Hume’s spirit, I will attempt to serve as an ambassador from my world of economics, and help in “finding topics of conversation fit for the entertainment of rational creatures.”
Researching the House of Commons, 1832-1868
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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