Archive

As a matter of accounting, if the U.S. as a whole buys from the rest of the world more than it sells to the rest of the world, then it must, on net, also be borrowing from the rest of the world. Perry has previously put this into a money-view context.

Bailout, Default, or Plan C

Further Thoughts

Sense about Social Security

These days, one hears worries of impending inflation.

Currencies or Commodities?

Breaking the Silence

Last week, I spent a few days in the Dalton-Brand Research Room, at Duke University, skimming through the Samuelson papers.

Learning How to Swap

The Term Securities Lending Facility (TSLF) was one of the bigger (in dollar terms) emergency programs implemented by the Fed during the crisis of 2008.

An Interview with the Author of “The New Lombard Street: How the Fed Became the Dealer of Last Resort”

Taking a quick break from my work in the Samuelson archives – so fascinating, believe me! – I can’t resist sharing the following, which I found in his correspondence files.

War Reparations, or Prosperity

I was just amused with two projects by Shaun Usher: to “gather and sort fascinating letters, postcards, telegrams, faxes, and memos” in his blog Letters of Note, and to present interesting letterheads in his Letterheadyblog.

Charles Ferguson’s Inside Job forces us to fundamentally rethink the connections between economics and policy making.