Back in the glory days of macroeconomics blogging there was a lot of electronic ink spilled over interest on excess reserves (IOER). Commen...

Some Assorted Musings: 1.  I have a new policy brief at the Mercatus Center that makes the case for a Nominal GDP level target from the k...

Ramesh Ponnuru and I have a new article in the National Review where we make the case that a better alternative to a higher inflation targe...

This week on the podcast I had a great time talking the monetary disequilibrium view of business cycles with Steve Horwitz. This persp...

The FOMC decided today to raise its target interest rate so that it now sits in the 1.00-1.25 percent range. This move was largely expecte...

It took the United States roughly 150 years to become an optimal currency area (OCA), according to economic historian Hugh Rockoff . This l...

Here are some assorted macro musings from the past week: 1.  Been there, done that, and it did not end well China edition. Once again, C...