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The re-emergence of inflation threw the ‘science of monetary policy’ off the rails. Do the new tweaks to the theory work?

[The following guest post is by John Whittaker, from whom we have learned much of what we know about how the European payments system works. See his terrific papers here and here, both of which reward close study. He has been looking over the last couple Money View posts, and the comments to those posts, and has this to say.]

Central banks strongly favored rentier incomes in their reaction functions

What have we learned about the American political economy from the crisis and its aftermath?

How a Banking Union Has Created Deep Divisions that Undermine the Eurozone’s Stability

More on substance, coherence, and relevance in the Eurozone debate.

Five lessons from the last crisis — for managing the next one

The destruction of trust is not an accident.

School re-opening push based on outdated science is poorly timed in face of coronavirus resurgence

Join Columbia University Dean Merit E. Janow for a talk by Lord Adair Turner, Chairman, Institute for New Economic Thinking.

The future of government mortgage support

The new IPCC Report is overly optimistic about global productivity growth and fossil fuel energy use. More dramatic, immediate action is needed

Patrick Gelsinger stepped down as INTEL’s CEO on December 1. We published an analysis last August that provides context for why this is significant for the company and the US economy.

The University of Chicago is well-known for as the place where a famous group of economists, including Milton Friedman, Georges Stigler, Gary Becker, among others, developed a method for analyzing economic facts based on Marshallian price theory, a vision of the evolution of macroeconomic aggregates called monetarism, and an approach to individual liberties and the role of the state known as (neo)liberalism.

The renowned linguist, cognitive scientist, and historian on where we stand as an economy, as a country, and as human beings