I just sent letters to two Republican Congressman (6th and 8th districts in Wisconsin) as well as to both Wisconsin Senators regarding raising the debt ceiling independent of future plans for spending and taxation. Below the letter, I’ve included some information regarding foreign holdings of US securities, both private and public. Feel free to copy … More Great Powers Don’t Default
In a February 2015 Povolny Lecture at Lawrence University, I talked on the subject “China Ranks Number One or Does It? Should We Care?” It’s time for an update. In that talk, I raised the following five questions: In this posting, I will indicate how I answered these questions in 2015 and my answers today. … More China as an Economic Competitor
In November 2021, after being a guest on Josh Dukelow’s Fresh Take program, I posted two related pieces: one on whether inflation was temporary or not and a second on the role of monetary policy. It’s time for an update, especially since the inflation rate has risen significantly since November 2021 (see the below chart) … More Sustained Inflation: Is a Monetary Policy Response Needed?
No Con Economics 