Escape(d) from New York

Dear patient readers, I arrived in Birmingham more or less uneventfully, given the givens, last Friday, after a frantic two days of movers packing and loading their truck, and other types hauling out things that…

Brexit: Impacts and prospects

Economists’ opinions on Brexit are often dismissed as politically biased or driven by groupthink. While these charges are overstated, it is legitimate to point out that assessments of the impact of Brexit that focus narrowly…

2:00PM Water Cooler 6/21/2019

By Lambert Strether of Corrente. Patient readers, as Yves approaches escape velocity from New York, I will be taking on more posting duties for the next week or so, and so Water Cooler may appear…

Does Japan Do MMT?

Yves here. Randy Wray has an important post on how, contrary to the views of some pundits, Japan isn’t following MMT principles, particularly with Prime Minister Abe raising the sales tax when Japan has a…