the sad state of macroeconomics
Travel and jet lag have conspired to prevent me from commenting in opportune fashion on Paul Krugman’s long essay that was published in last Sunday’s New York Times Magazine. There is nothing new here,...
View Articlethe overvalued euro
The euro is soaring, and not only against the US dollar. LSE economist Willem Buiter explains that the euro’s overvaluation is a direct result of excessively tight monetary policy, so can be corrected...
View ArticleBuiter on the eurozone
Former LSE economist Willem Buiter is predicting dire consequences from breakup of the eurozone. Consider the exit of a fiscally and competitively weak country, such as Greece – an event to which I...
View ArticleKeynes was wrong!
No reader responded, but I found, in today’s Financial Times, an intelligent argument debunking yesterday’s post “Keynes was right!“. Does monetary policy become ineffective once interest rates reach...
View ArticleBuiter is bullish on the US dollar
FT blogger Izabella Kaminska reports that Willem Buiter, Citi’s chief economist, voiced the following opinion at a meeting this morning in London. The dollar is the only global reserve currency worth...
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