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A Tale of Two Economists - Washington Free Beacon

A Tale of Two Economists - Washington Free Beacon
freebeacon.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freebeacon.com Daily Mail and Mail on Sunday newspapers.

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The End of Friedmanomics

The End of Friedmanomics
newrepublic.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newrepublic.com Daily Mail and Mail on Sunday newspapers.

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To Judge Inflation, Think of the Pandemic as a War

Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities ....

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Krugman wonks out: what we talk about when we talk about money

Krugman wonks out: what we talk about when we talk about money
“Rising asset prices don’t mean that silly ideas make sense,” writes The New York Times opinion columnist Paul Krugman. (The New York Times)
Written By
24th May 2021
Lately I’ve been getting a lot of mail from readers infuriated by my relative nonchalance about two issues: budget deficits and money growth. When I point out that the federal government is able to borrow at incredibly low interest rates, some retort that this is only because the Federal Reserve is buying a lot of debt. When I say that we shouldn’t be worried about runaway inflation, some point to the rapid growth in the money supply and say that we’re on the verge of becoming Venezuela. ....

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Opinion | Krugman Wonks Out: What We Talk About When We Talk About Money

Opinion columnist
Lately I’ve been getting a lot of mail from readers infuriated by my relative nonchalance about two issues: budget deficits and money growth. When I point out that the federal government is able to borrow at incredibly low interest rates, some retort that this is only because the Federal Reserve is buying a lot of debt. When I say that we shouldn’t be worried about runaway inflation, some point to the rapid growth in the money supply and say that we’re on the verge of becoming Venezuela.
These are actually related complaints and both, I’d argue, reflect common misunderstandings about what’s actually going on both with the Fed’s balance sheet and with the “money supply.” (Scare quotes explained shortly.) ....

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