…3. inflation rates. The whole thing is informed by an intimate understanding, analysis, and explication of sectoral financial balances. These three variables — over which households have absolutely no control…

…suspended for 8 years (by the person who appointed Roberts) doesn’t mean that the correct approach to Constituional checks and balances is to condemn them. The idea that the President…

Since I put a ‘liberal’ name in a previous post, I will also put up a ‘conservative’ name on budget balances: Menzie Chin at Econbrowser points to other CBO numbers……

…In the 2012 based NW Plan year end TF balances never drop in nominal terms meaning there is NEVER any net redemption of Trust Fund Principal. Which throws a whole…

…June. The National Bank of Belgium and Statistics Netherlands released their balance measures of consumer confidence. Both balances fell 2 points over the month of June. Notably, consumer confidence in…

…about how divisions of power among various governments—by which he means state governments vs. the federal one—protect individuals from tyranny. (He’s usually less interested in constitutional checks than on balances…

…on output or employmen (OK it is possible that he thought e would be greater than 1 in case of hyperinflation so increased prices would cause reduced real balances as…

…participants getting carried away, the normal checks and balances that should exist against participants. And the thing that is astounding, frankly, and there’s a lesson here that we probably haven’t…

…2. The second part of any IMF program (first, really) is controlling fiscal balances through ‘austerity’; but this is not possible if the private sector is simultaneously deleveraging and external…

…The idea here is wages go down so the firms cut prices (to maximize profits they would) so real balances (M/P) goes up so aggregate demand goes up so GDP…