The book that played a pivotal role in shaping my understanding of monetary economics is now available online at no cost: Less Than Zero by...

Earlier this week I attended the Southern Economic Association annual meetings in San Antonio, Texas. Among other things, I was part of a s...

Here are some assorted monetary musings: (1) Paul Krugman comes clean and acknowledges unconventional monetary policy can still pack a punc...

Given all the interest my figures generated on stabilizing nominal spending as a policy goal, I thought I would follow up with a collection...

Paul Krugman has chimed in on my figure showing the collapse in nominal spending. He, however, is less enthusiastic about its implication...

Thanks to Alex Tabarrok , The Economist's Free Exchange blog , Ezra Klein , and Bruce Bartlett my last post on the history of U.S. nomi...

As someone who believes that stabilizing nominal spending rather than inflation is key to macroeconomic stability, I have taken the liberty ...