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Thoughts on the Bank Bailouts
Financing risk-taking with deposits is an inherently fragile business model that depends on persistent government support. There are alternatives.
Mar 13
45
9
New Episode of UN/BALANCED!
Michael and I discuss globalization, Mary Poppins, the IRA, and what China gets right that so many other developing countries get wrong.
Mar 10
22
1
Doing My Part to Raise R*
Or: Some Personal News
Mar 16
55
21
Reconsidering the "2020s as 1940s" Analogy
Trying to figure out why one reflation was also a growth miracle, while the other one was not.
Mar 8
27
7
Most popular
Inequality, Interest Rates, Aging, and the Role of Central Banks
29
2
Thoughts on the Bank Bailouts
45
9
"Soft Landing"? More Like "No Landing"
24
Immaculate Disinflation Hopes Dashed?
22
4
America's "Excess" Household Savings Are Going Away
25
2
Wages, Prices, and Taming U.S. Inflation
28
3
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New
Community
Checking in on the U.S. Housing Market
Activity is normalizing along with rates. Builders' prudence on hiring during the boomlet is now shielding the job market.
Mar 2
15
2
Americans' Incomes Are Rising Too Fast for 2% Inflation
The question is whether that is enough of a problem to justify the costs of addressing it.
Feb 25
20
3
Closing the Gaps in the Sanctions on Russia
Russia's imports have almost certainly recovered thanks in part to surging exports from Ukraine's supporters to Russia's relatively friendly neighbors…
Feb 22
17
4
"Soft Landing"? More Like "No Landing"
The latest wave of U.S. economic data suggest that growth remains strong even as excessive inflation persists. The interest rates that made sense in the…
Feb 18
24
"Quantitative Tightening" and the U.S. Banking System
The Federal Reserve's asset portfolio has shrunk by roughly $500 billion since last summer. The impact has not been distributed evenly.
Feb 16
15
9
The Bank of England's Jonathan Haskel on Inflation, Productivity, Brexit, and More
An exclusive interview with a member of the Monetary Policy Committee.
Feb 13
26
The Mysterious $300 Billion Flow Out of China
The discrepancy between Chinese goods exports according to customs data and according to the balance of payments remains extremely large.
Feb 10
19
1
Whither Globalization? And What Would that Even Mean, Anyway?
Before getting worried about U.S.-led "deglobalization" or "fragmentation", it helps to have some context about what has already happened.
Feb 7
23
6
See all
Most popular
Inequality, Interest Rates, Aging, and the Role of Central Banks
29
2
Thoughts on the Bank Bailouts
45
9
"Soft Landing"? More Like "No Landing"
24
Immaculate Disinflation Hopes Dashed?
22
4
America's "Excess" Household Savings Are Going Away
25
2
Wages, Prices, and Taming U.S. Inflation
28
3
See all popular
The Overshoot
Making sense of the global economy and financial markets
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Making sense of the global economy and financial markets
By Matthew C. Klein
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