inequality

I was reading something this morning about Fed Governor Lael Brainard recommending monetary and fiscal support to stop a K-shaped outcome where the less well-off lose and the most well-off win. “This strong support from monetary policy - if…

In an interview with Ta-Neishi Coates, Alexandria Ocasio-Cortez tries to answer the recurrent question of 'when is it just too much money?" Here's the clip. Watch the whole thing because I am going to comment on it. The AOC position…

I am going to argue here that monetary policy is both less effective than fiscal policy, and that over-reliance on it unnecessarily politicizes monetary policy by putting unelected officials in too prominent an economic role. I would argue…

It's news Friday time. Like last week, I want to switch things up a bit and focus on the news. I am going to present a news story. And then I am going to expand on it, riffing off it and giving you 'my take' on the story. Hopefully, this…

Obama's missed opportunity In 2009 and beyond, the Obama Administration had a unique opportunity to not just recalibrate, but to replace the existing economic paradigm. They didn't do that, largely because Obama and his closest policy…

I am going to do a book review of an econ book that has just come out. And I think it’s fitting that my first post on the return of the Credit Writedowns ‘blog’ is a review of such a good book like “The Myth of Capitalism”. I started…

Below are my top twelve news stories for the day with added commentary. 1 - Asian firms’ confidence sinks to near 3-year low on trade war fears Representing the six-month outlook of 104 firms, the Thomson Reuters/INSEAD Asian Business…

I wasn't able to get a daily off yesterday nor will I be able to a full-fledged one today. But I will post today. Just a reminder: next week, I am on holiday. And so I don't know how much writing I will do, if any. Let me start today more…

Daily post from Credit Writedowns with stories on inequality, China Turkey and Tesla

Today's daily post ismore on the political economy side. Top items include inequality and political control and Trump's negotiations with Canada.