by Henry Oliner | May 14, 2023 | Economics
From Calafia Beach Pundit, Inflation is So Over: Charts #6 and #7 are the most important charts that hardly anyone is looking at these days. What they show is that our recent surge in inflation was caused by a surge in deficit spending from 2020 through 2021. As much...
by Henry Oliner | May 14, 2023 | Economics
“There is nowadays, I believe, far too much respect for the technical expert. A report of this kind, no matter how beautifully reproduced, should not be exempt from critical examination. The authors are indeed expert in certain fields and I would have no wish to...
by Henry Oliner | May 7, 2023 | Economics, Politics
From Kevin Williamson at The Dispatch, Five Words of Wisdom: You don’t have to love the Wall Street guys, but you should try to understand what it is they do and how that helps make the rest of us richer. If you want to build a factory, what are you going to do? Save...
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...
