Paul Krugman Does Monetary Realism’s Contingent Institutional Approach

Few things are more important than understanding precisely how the US government is able to eliminate solvency crisis through its institutional arrangements.  One of the key Monetary Realism contributions is understanding these relationships and how they create the autonomous currency issuer.  Banks are essentially harnessed as agents of the government in the funding process asRead More

I don’t see any method at all, sir

I always find it hilarious when some smart economist like Brad Delong or Scott Sumner pull their heads out of this keister and notice their field doesn’t even agree on the basic observations necessary to make decisions. Here’s Scott Sumner talking about Nobel Prize winning economist John Taylor: “And that’s actually pretty mind-boggling, when youRead More