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Letter from an angry reader

From Stormy, who has written on global trade for over a decade, sends an e-mail on the discovery that we are losing competitive advantage: I find it absolutely stunning that…

Open e-mail to Joe Gagnon

…nominal interest rates are at the lower bound. I think that “trading among private agents could dry up, degrading liquidity and price discovery ” really means that profits of financial…

contra Krugman

…any case certainly not the absense of a stable expectations unaugmented Phillisp curve (as predicted by Keynes) nor the discovery of the LM curve which uh you know doesn’t exist….