Browsing Tag

asset-based economy

Liquidity trap of a different sort

Edward Harrison Apr 22, 2008

As the Fed Funds rate gets close to zero, pundits have been worrying about a pending liquidity trap. While I think these worries are well placed because the Fed is running out of bullets, I am more concerned about inflation right now.…

The US Economy 2008

Edward Harrison Mar 11, 2008

This blog entry is an updated version of something I wrote way back in 2004. I wrote 90% of this 4 years ago when housing prices were much lower. The fact that I can re-publish this today, largely unchanged, demonstrates how the housing…

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