The Slack Wire

Martin Wolf in the FT the other day : The third challenge is over the longer-term sources of demand. I look at this issue in terms of the ...

Here's the thing about about saltwater, New Keynesian economists: They don't believe their own theory. Via John Cochrane , here is...

Regular readers of the blog will know that we have been having a contradiction with Brad DeLong and the rest of the  monetarist  mainstream...

From today's FT: US Junk Debt Yield Hits Historic Low The average yield on US junk-rated debt fell below 5 per cent for the first ti...

There's a widespread idea in finance and economics land that there's something wrong, dangerous, even unnatural about persistently l...

[ Edit, 4-30-14: I put this post up a week ago and then took it down after a few hours because, seriously, there is no way I am going on hia...

Start with a point on language. People often talk about aggregate demand as if it were a quantity. But this is not exactly right. There...

There's a common shorthand that makes "debt" and "borrowing" interchangeable. The question of why an economic unit h...

A. C. Grayling, proprietor of the New College for the Humanities, may be a bit of a charlatan. But I suspect that in this piece for the FT ,...