mattrognlie.wordpress.com
The uselessness of helicopter drops | Matt Rognlie
https://mattrognlie.wordpress.com/2011/10/26/the-uselessness-of-helicopter-drops
New Keynesian versus New Monetarist effects. What do Rick Perry and pro sports teams have in common? October 26, 2011 · 6:00 am. The uselessness of helicopter drops. I’ve received some skeptical feedback on my last post about how money is just another form of debt. Particularly its implications for the effectiveness of a “helicopter drop”. This topic deserves more attention: for reasons I don’t understand, some very smart observers. What’s wrong with these claims? To be fair, depending on the Fed’s...
shewingthefly.com
Comments policy | Shewing the fly
https://shewingthefly.com/comments-policy
Whereof one cannot speak, thereof one tends to blog. As I’m getting more readers now, I feel the need write one of these in the unlikely but possible event I post something highly controversial and get more comments. And this will happen if people write good comments that give me something to think about and write about. With that in mind, here are some maxims I’d like you to follow. If I am wrong, I want the strongest possible reasons presented as to why. Give me something to read. If you know what.
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Yet more on the UK | Shewing the fly
https://shewingthefly.com/2012/04/28/yet-more-on-the-uk
Whereof one cannot speak, thereof one tends to blog. Yet more on the UK. Yet more on the UK. April 28, 2012. Steve Waldman (of the indispensable Interfluidity. My plea for an explanation of the UK’s economic woes, offering a ‘Post-Keynesian’ description of the crisis. I highly recommend you go and read the whole thing before reading the rest of this post. Now, it is true that debt levels are much higher here, but (at least according to the recent ‘Debt and Deleveraging’. April 28, 2012 at 9:39 pm. Govern...
shewingthefly.com
Is it the financial sector? | Shewing the fly
https://shewingthefly.com/2012/04/29/is-it-the-financial-sector
Whereof one cannot speak, thereof one tends to blog. Is it the financial sector? Is it the financial sector? April 29, 2012. A commenter, ‘david’, says. If you want to contend that there was a real shock, identifying one is not difficult: the economy of the City is heavily involved in finance. At a regional and industry level (I used the ‘workplace-based’ figures):. Now, Andrew Haldane thinks measuring GVA in the financial sector is problematic. There are lots of things one could say here. Constructi...
shewingthefly.com
Philosophy for the masses | Shewing the fly
https://shewingthefly.com/category/philosophy-for-the-masses
Whereof one cannot speak, thereof one tends to blog. Archive for the ‘Philosophy for the masses’ Category. A puzzle about intuition. December 29, 2011. Suppose you have an intuition, ‘P’*. Should you believe P? Should you believe not-P? For some propositions (e.g. the moral kind) there may not be much to go on other than our intuitions. So for the moral intuitionists. In particular, here’s a little puzzle for you. There even may be classes of intuitions that are necessarily reliable on the level of the m...
shewingthefly.com
Culture | Shewing the fly
https://shewingthefly.com/category/culture
Whereof one cannot speak, thereof one tends to blog. Archive for the ‘Culture’ Category. Blogging ‘The Killing’ II – Episodes 3&4. November 27, 2011. OK, I’m willing to call it – it’s not as good as season 1… but it’s still probably the best thing on TV. Spoilers (and some tough love) below the fold. Blogging ‘The Killing’ II – an introduction (spoiler-free), and episodes 1-2. November 19, 2011. All spoilers have been put below the fold]. 8216; Naturally, I completely disagree that. Anyway, before I get ...
shewingthefly.com
The Killing | Shewing the fly
https://shewingthefly.com/category/the-killing
Whereof one cannot speak, thereof one tends to blog. Archive for the ‘The Killing’ Category. Blogging ‘The Killing’ II – Episodes 3&4. November 27, 2011. OK, I’m willing to call it – it’s not as good as season 1… but it’s still probably the best thing on TV. Spoilers (and some tough love) below the fold. Blogging ‘The Killing’ II – an introduction (spoiler-free), and episodes 1-2. November 19, 2011. All spoilers have been put below the fold]. 8216; Naturally, I completely disagree that. Anyway, before I ...
shewingthefly.com
Andy Harless, on recessions | Shewing the fly
https://shewingthefly.com/2012/04/28/andy-harless-on-recessions
Whereof one cannot speak, thereof one tends to blog. Andy Harless, on recessions. Andy Harless, on recessions. April 28, 2012. From the comments section over at Modeled Behavior. If you don’t already, you should follow him on Twitter. Here’s a post from him. Back in November, making the same point. Here is Karl Smith on the logistical difficulties of saving. My favourite post of the year. April 28, 2012 at 4:06 pm. I posted this over there, but a little comment love here doesn’t hurt…. Is anyone else hav...
shewingthefly.com
Shewing the fly | Whereof one cannot speak, thereof one tends to blog | Page 2
https://shewingthefly.com/page/2
Whereof one cannot speak, thereof one tends to blog. The interest rate is not the price of money. April 22, 2012. Just a quick one, on a topic I am still highly uncertain and confused about. So be nice.). I’ve been taught no less than three times that the interest rate is the price of money: once at school, once at college and once again at CFA class. And that doesn’t seem right to me. Second, consider a world where everyone adhered to Polonius’ admonition to. Neither a borrower nor a lender be. Price of...
mattrognlie.wordpress.com
Money is debt | Matt Rognlie
https://mattrognlie.wordpress.com/2011/10/22/money-is-debt
Do monetary frictions matter? New Keynesian versus New Monetarist effects →. October 22, 2011 · 6:00 am. It’s just another type of debt. Following Thomas Sargent’s recent Nobel Prize, I came across this excellent excerpt from a 1989 interview. Exactly. The Fed can trade money for bonds, but this doesn’t change the overall level of government debt just its composition. It’s still debt. Suppose that the Fed creates $1 trillion out of thin air and sends every American an equal share. For a while, this w...
