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Evidence of Slowdown in Housing

It’s pretty clear that home prices have been growing rather quickly. However, recent evidence suggests that home prices will not grow for...

Why is TALF 2 Less Controversial?

Americans get less upset now about big government bailouts of financial institutions than they used to. During the Great Recession the...

Inflation Was Transitory

Inflation has been surprisingly high recently, at least according to some measures. The main argument made by those who say you shouldn’t...

My Apologies

In my first blog post, I claimed hyperinflation was not a threat. While I maintain that hyperinflation is not a feasible near-term risk...

The Right-Wing Tax Scam

You might have heard that tax cuts on “savings” like reductions in the corporate, dividend or capital gains tax increase national savings...

There Are no Free Lunches

A recent OpEd article published by the Hill proposes taxing foreign investment to the United States. It refers to such a tax as a Market...

Understanding the Debt Ceiling

The Treasury Secretary Janet Yellen recently warned Congress about the threats of the debt ceiling not being raised. This was a bit...

The FED Hit the Panick Button

On Wednesday the 16th of June, the FED prioritized fighting inflation over fighting unemployment. This happened six days after a CPI...

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