TheMoneyIllusion

The future course of the economy always involves a bit of guesswork. But it seems to me that the following two claims are pretty likely to be true: 1. Over the past three years, monetary policy h...

https://www.themoneyillusion.com/the-hawkish-case/

The Financial Times has a story that points to some disturbing features of South African politics: It is the kind of fervent devotion that has driven a wave of support for the former president a...

https://www.themoneyillusion.com/is-african-politics-inferior-to-american-politics/

In a recent post, I listed 6 ways that Trump intends to reduce inflation: Trump has a 6-part plan to bring down inflation: 1. Favors NIMBY policies to prevent housing construction in the suburb...

https://www.themoneyillusion.com/seven-trump-is-on-a-roll/

During the golden age of macroeconomics (roughly 1984-2007), many economists understood that interest rates were not monetary policy. After 2008, economists have been drifting back to old-school ...

https://www.themoneyillusion.com/time-to-add-the-epicycles/

Janan Ganesh has an piece in the FT entitled “The Rise of Bleak Chic”. I don’t demand show trials or the ritual egging in public squares of people who were bearish on cities. There is no ne...

https://www.themoneyillusion.com/bleak-chic/

How are leftists working to re-elect Trump? There are almost too many ways to count: 1. Trump was reeling after his candidates did horrible in the 2022 midterms, and people like Ron DeSantis were...

https://www.themoneyillusion.com/leftists-for-trump/

I don’t know. But the possibility is greater than I would have wished to see. Inflation data is often noisy and unreliable, for a wide variety of reasons. Wage inflation is the most meaningful ...

https://www.themoneyillusion.com/is-inflation-re-accelerating/

There are many different types of superintelligence. Some people understand quantum mechanics. Some people are really good at chess. Some people can read Finnegan’s Wake.

https://www.themoneyillusion.com/what-do-the-smartest-people-think/

Here’s Jim Geraghty of the National Review: We’ve reached the point where Biden administration officials, Democrats, and pro-Biden columnists are tearing their hair out, furious that the elec...

https://www.themoneyillusion.com/ranting-and-berating-at-the-national-review/

1. Be careful what you wish for (from Matt Yglesias’s Substack): While several states have banned abortion, a bunch of other states have made it easier to get medication abortions and otherwise...

https://www.themoneyillusion.com/comments-observations-snide-remarks/