My daughter Sally is at the Grand Central Academy of Art in New York. This is one of her still lives (yes, it’s a painting)....
The Fed and Shadow Banking
The WSJ has a fascinating Op-Ed by Andy Kessler, “The Fed Squeezes the Shadow-Banking System” Andy thinks that Quantiative...
Epstein on the IRS and more
Richard Epstein has a lovely essay, “The Real Lesson of the IRS Scandal” As lots of commentators left and right are realizing,...
Local Austerity
The Wall Street Journal had a really heart-warming article, Europe’s Recession Sparks Grass-Roots Political Push about...
The Role of Monetary Policy, Revisited
I am giving a talk Thursday May 30, titled “The Role of Monetary Policy, Revisited." The event is at Booth’s...
More Interest-Rate Graphs
For a talk I gave a week or so ago, I made some more interest-rate graphs. This extends the last post on the subject. It...
Doctor-owned hospitals
In writing about the ACA and our health-care problems, I started to think more and more about supply restrictions. In every...
Solar Panel Tariffs
It’s time to start a new series on “energy idiocy.” You just can’t make this stuff up… From today’s WSJ:BRUSSELS—Chinese...
Finance: Function Matters, not Size
“Finance: Function Matters, not Size” This is the new title of the published version of “The Size of Finance,” which I posted...
Cyprus and Resolution Authority
Holman Jenkins has a revealing Cyprus update in today’s Wall Street Jounal. For those of you who haven’t been following...
Floating-rate Treasury debt
Last week the Treasury announced that is it going ahead with floating-rate debt, and gave some details how it will work....
Small monetary policy question
A small monetary policy question has been bugging me this morning.The Fed is buying long term bonds and agency debt, with...
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