…much of an increase. Rather, the rule is one of sufficiency rather than necessity). With that rule in mind, it has also been the case for 60 years that initial…

…being an expert on recessions was probably not the smartest choice. If the Sahm Rule were like something amazing happens in the world and the Sahm Rule triggers, that’d be…

…for me has been the inflation of the Seventies. Mostly, because it has become American economic folklore akin to Weimar or Zimbabwe inflation, where Volcker the dragon slayer stepped in…

…in during the early 1980s after Paul Volcker had turned the tide of inflation. Instead, backward-focused investors in fear of renewed outbreaks of inflation ignored the way these new trends…

…said Mr Volcker, who ran the Fed from 1979 to 1987 and is now chairman of President Obama’s Economic Recovery Advisory Board. Mr Volcker said that the biggest innovation in…

…interest rates soared in the US thanks to Volcker. Yes, and returns to investment rose along with them. Foreigners wanted to invest in the US by the truckloads. Private saving…

…is misguided. secular stagnation is just dropping to a new trend line. I will make two more comparisons of the CBO potential real GDP and the effective demand potential. Volcker…

…If he had followed the Taylor Rule then, would his legacy be so fondly remembered by his champions? If the Taylor Rule would have done that much damage then, why…

by cactus The Rule of Capture and Legalized Theft The rule of capture states that a resource belongs to the entity that, well, captured it, regardless of where that resource…

…on Accuracy of Effective Demand Monetary Rule Note: An important thing to realize in the Effective Demand Rule equation is that the only value of labor share that works… is…