The Slack Wire

In comments , someone asks for references behind "the point is liquidity, the point is liquidity, the point is liquidity." So, her...

The new issue of Rethinking Marxism  has my review of The Crisis of Neoliberalism by Gérard Duménil and Dominique Lévy. Since RM is paywall...

Does anybody read Bagehot's  Lombard Street any more? You totally should, it's full of good stuff. It's baffling to me, as a so...

John Cochrane , reporting from the NBER Summer Institute: The use of ancient quotations came up several times. I  complained a bit about ...

Kenneth Boulding , reviewing Maurice Allais's   Économie et intérêt in 1951: Much work on the theory of interest is hampered at the st...

Here’s something interesting from Axel Leijonhufvud. It’s a response to Luigi Pasinetti’s book on Keynes, but really it’s an assessment of ...

So I've been reading Homer and Sylla's  History of Interest Rates . One of the many fascinating things I've learned, is that in ...

The second issue of the new  Review of Keynesian Economics  is out, this one focused on growth. [1] There's a bunch of interesting contr...

I have a new post up at the Jacobin , responding to Mike Beggs' critical review of David Graeber's Debt . It's a much longer, an...

Blogging's been light here lately. Sorry. In the meantime, you should read this : if you combine net equity offerings—which, given the ...