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The Lucas critique cuts both ways

I’m occasionaly asked how NGDP level targeting would have performed in a specific historical case, such as 1981 or 2023. The usual worry is that when NGDP is well above trend, a policy of level targeting might require a highly contractionary monetary policy, triggering a recession. Here it’s worth recalling the Lucas critique (from Wikipedia): […]

X Users Didn’t Like A Paper’s Tone And Findings, So They Got It Rejected

X Users Didn't Like A Paper's Tone And Findings, So They Got It Rejected Authored by Ross Pomeroy via RealClear Wire, At Frontiers in Psychology, it seems that users on X are now part of the peer review process. On January 4th, the pap...

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Is It Time To Ditch Tech Stocks for Gold?

Via SchiffGold.com This week Peter covers the highlights of the last few weeks of volatile trading, paying special attention to Nvidia, Wall Street’s favorite AI stock, and Newmont Corporation, a heavy hitter in the gold mining industry. Both companies...

IRS To Retrieve Potentially Hundreds Of Millions Of Dollars From Americans Who Failed To File Tax Returns

IRS To Retrieve Potentially Hundreds Of Millions Of Dollars From Americans Who Failed To File Tax Returns Authored by Tom Ozimek via The Epoch Times (emphasis ours), The Internal Revenue Service (IRS) building in Washington, on June 28, 20...

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Is It Time To Ditch Tech Stocks for Gold?

Via SchiffGold.com This week Peter covers the highlights of the last few weeks of volatile trading, paying special attention to Nvidia, Wall Street’s favorite AI stock, and Newmont Corporation, a heavy hitter in the gold mining industry. Both companies...

IRS To Retrieve Potentially Hundreds Of Millions Of Dollars From Americans Who Failed To File Tax Returns

IRS To Retrieve Potentially Hundreds Of Millions Of Dollars From Americans Who Failed To File Tax Returns Authored by Tom Ozimek via The Epoch Times (emphasis ours), The Internal Revenue Service (IRS) building in Washington, on June 28, 20...

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Is It Time To Ditch Tech Stocks for Gold?

Via SchiffGold.com This week Peter covers the highlights of the last few weeks of volatile trading, paying special attention to Nvidia, Wall Street’s favorite AI stock, and Newmont Corporation, a heavy hitter in the gold mining industry. Both companies...

Marketing

US Military Begins Airdropping Food Into Gaza

US Military Begins Airdropping Food Into Gaza With the humanitarian disaster in Gaza growing more desperate each day, President Biden on Friday afternoon announced that the United States government would begin airdropping food and other su...

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US Military Begins Airdropping Food Into Gaza

US Military Begins Airdropping Food Into Gaza With the humanitarian disaster in Gaza growing more desperate each day, President Biden on Friday afternoon announced that the United States government would begin airdropping food and other su...

The Lucas critique cuts both ways

I’m occasionaly asked how NGDP level targeting would have performed in a specific historical case, such as 1981 or 2023. The usual worry is that when NGDP is well above trend, a policy of level targeting might require a highly contractionary monetary policy, triggering a recession. Here it’s worth recalling the Lucas critique (from Wikipedia): […]

In praise of mispronunciation

I recently saw a Wall Street commentator talk about how uniformed investors are piling into Nvidia stock. He mocked some people he overheard at the gym referring to it as “nah-vidia”, instead of the correct “en-vidia”. But I don’t think we should mock people who mispronounce words, as it’s often a sign of intelligence. Consider […]

Recent articles/tweets

1. I agree with 95% of the views in this Zvi Mowshowitz post, but not this one: Andrew Biggs makes the case for eliminating the tax preference for retirement accounts. This mostly benefits the rich, does not obviously increase net savings values, causes lots of hoops to be jumped through, and we can use the […]

Democrat Sheriff Where Illegal Immigrant Accused Of Murder Vowed Not To Cooperate With ICE

Democrat Sheriff Where Illegal Immigrant Accused Of Murder Vowed Not To Cooperate With ICE Authored by Tom Ozimek via The Epoch Times (emphasis ours),   File photo showing a motorist slowing down to watch law enforcement officers at a cri...

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Is It Time To Ditch Tech Stocks for Gold?

Via SchiffGold.com This week Peter covers the highlights of the last few weeks of volatile trading, paying special attention to Nvidia, Wall Street’s favorite AI stock, and Newmont Corporation, a heavy hitter in the gold mining industry. Both companies...

IRS To Retrieve Potentially Hundreds Of Millions Of Dollars From Americans Who Failed To File Tax Returns

IRS To Retrieve Potentially Hundreds Of Millions Of Dollars From Americans Who Failed To File Tax Returns Authored by Tom Ozimek via The Epoch Times (emphasis ours), The Internal Revenue Service (IRS) building in Washington, on June 28, 20...

US Military Begins Airdropping Food Into Gaza

US Military Begins Airdropping Food Into Gaza With the humanitarian disaster in Gaza growing more desperate each day, President Biden on Friday afternoon announced that the United States government would begin airdropping food and other su...

The Lucas critique cuts both ways

I’m occasionaly asked how NGDP level targeting would have performed in a specific historical case, such as 1981 or 2023. The usual worry is that when NGDP is well above trend, a policy of level targeting might require a highly contractionary monetary policy, triggering a recession. Here it’s worth recalling the Lucas critique (from Wikipedia): […]
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In praise of mispronunciation

I recently saw a Wall Street commentator talk about how uniformed investors are piling into Nvidia stock. He mocked some people he overheard at the gym referring to it as “nah-vidia”, instead of the correct “en-vidia”. But I don’t think we should mock people who mispronounce words, as it’s often a sign of intelligence. Consider […]

Recent articles/tweets

1. I agree with 95% of the views in this Zvi Mowshowitz post, but not this one: Andrew Biggs makes the case for eliminating the tax preference for retirement accounts. This mostly benefits the rich, does not obviously increase net savings values, causes lots of hoops to be jumped through, and we can use the […]

Democrat Sheriff Where Illegal Immigrant Accused Of Murder Vowed Not To Cooperate With ICE

Democrat Sheriff Where Illegal Immigrant Accused Of Murder Vowed Not To Cooperate With ICE Authored by Tom Ozimek via The Epoch Times (emphasis ours),   File photo showing a motorist slowing down to watch law enforcement officers at a cri...

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Is It Time To Ditch Tech Stocks for Gold?

Via SchiffGold.com This week Peter covers the highlights of the last few weeks of volatile trading, paying special attention to Nvidia, Wall Street’s favorite AI stock, and Newmont Corporation, a heavy hitter in the gold mining industry. Both companies...

IRS To Retrieve Potentially Hundreds Of Millions Of Dollars From Americans Who Failed To File Tax Returns

IRS To Retrieve Potentially Hundreds Of Millions Of Dollars From Americans Who Failed To File Tax Returns Authored by Tom Ozimek via The Epoch Times (emphasis ours), The Internal Revenue Service (IRS) building in Washington, on June 28, 20...

US Military Begins Airdropping Food Into Gaza

US Military Begins Airdropping Food Into Gaza With the humanitarian disaster in Gaza growing more desperate each day, President Biden on Friday afternoon announced that the United States government would begin airdropping food and other su...