This is 100% pure BS…. They surely want the Fed to lower the rates… don’t believe it…Bloomberg: Treasury Secretary Scott Bessent says he and Trump are focusing on 10-year Treasury yields—not Fed policyhttps://t.co/rIUuEBHUAK pic.twitter.com/quBnoYdwsg— Lance Lambert (@NewsLambert) February 6, 2025

It was 2020, and Trump was responding to a question about a $6.2 trillion fiscal package (emergency COVID spending plus day-to-day operations). The reporter might have been confused about where the money was coming from, but Trump wasn’t. “The beautiful thing about our country is…we can handle that easily because of who we are—what we are—it’s our money…it’s our currency,” he explained.…Understanding what it means to issue a sovereign currency is at the core of Modern Monetary Theory...

Other Fed members already mentioning more rate cuts.

Figure 1: Triple Switching with Strucutral Economic Dynamics1.0 Introduction I have been using fluke switch points to partition two-dimensional slices of parameter spaces. I know, I think, how reswitching can appear and disappear. But I am confused how more switch points can appear. So this post is a start on exploring a triple-switching example. I have stumbled upon two examples of triple-switching, so to speak. I have not yet replicated Steedman's claim that triple-switching can arise...

[unable to retrieve full-text content]Donald Trump’s tariffs could destabilize the global economy, warns economist Michael Hudson. US protectionist policies could cause financial crises, as many currencies depreciate and countries can’t earn the dollars needed to pay their foreign debts. Hudson was interviewed by Geopolitical Economy Report editor Ben Norton. Video Podcast Transcript (Introduction) BEN NORTON: Donald Trump is threatening Continue Reading The post American...

Trump wants the government to make money here, there and everywhere. So give that money back to the people. 

Spending cuts only save taxpayers money when they are offset with tax cuts. 

Keynes’ critique of econometrics is still valid Mainstream economists often hold the view that Keynes’ criticism of econometrics resulted from a sadly misinformed and misguided person who disliked and did not understand much of it. This is, however, nothing but a gross misapprehension. To be careful and cautious is not the same as to dislike. Keynes did not misunderstand the crucial issues at stake in the development of econometrics—quite the contrary. He...

I’ve just published Chapter 10 of my open access textbook. This chapter focuses on homelessness experienced by older adults. A ‘top 10’ overview of the chapter can be found here: https://nickfalvo.ca/homelessness-among-older-adults/ FacebookTwitterEmail

Trump backtracks on tariffs. New highs coming.