by Henry Oliner | Jan 9, 2023 | Politics
From Notable and Quotable in WSJ (12/27/20022). From “The most underdiscussed fact of the 2022 election: how historically close it was” by Harry Enten for CNN.com, Dec. 26: An examination of the data reveals that 2022 was a historically close election in a...
by Henry Oliner | Jan 8, 2023 | Economics
Deficit spending is stimulative to economic growth: raising taxes on business and higher interest rates are a disincentive to economic growth. Doing both at the same time is incoherent and a recipe for stagnation. If there is a tradeoff between a recession and...
by Henry Oliner | Jan 3, 2023 | Economics, Environmental, Global Warming
A Review of the book , “Escape from Model Land” in The WSJ explains the limits of models in determining policy. My Life as a Quant was written decades ago about an academic with a Phd in math and physics hired by a hedge fund to construct risk models. He...
by Henry Oliner | Jan 2, 2023 | Economics
from a letter to the editor at The WSJ: What Walter Bagehot Could Teach the Fed Kudos to Howard Adler for finally stating clearly what few others will: “The Treasury funds its lending by issuing debt, and the Fed purchases that debt by printing money. This expands the...
