Price-level targeting would be more effective than average inflation targeting.
On the menu today: how a weak dollar could unravel U.S. economic policy, Facebook bans Trump, the case against Big Tech antitrust, and Reagan’s Imperial Circle.
On the menu today: the disappearance of a Chinese billionaire, SOE defaults, and the mounting risks to China’s financial system.
On Mitt Romney, the Republican Party, John le Carré, and more.
On the menu today: Relief at last (plus added waste), the wisdom (or not) of lockdowns, bubble watch, chicken sandwich mania, and an antitrust refresher.
On the menu today: why stimulus isn’t likely to cause inflation, how the pandemic is strengthening large corporations, and some links from around the web.
On the menu today: FOMC December meeting, the dollar’s global-reserve status, a theory of IPO pops, and a look at yield-curve control in the mid 20th century.
On the menu today: the Fed joins the climate club, the end of the free Internet (maybe), California (still) looking at tax increases, New York’s food vendor crunch, and a ...
Unemployment woes, the Fed Trap, and much, much, more.
On the menu today: Palantir shares skyrocket, a giant of labor economics passes away, Slack in acquisition talks with Salesforce, and Yellen’s plans for Treasury-Fed cooperation.