Andrew BriGDen
@mrblewes.bsky.social
Really nice piece, particularly this first chart. It's almost as if the Fed have been trying to talk long rates down since the early 90s. Until the pandemic, they succeeded. Now investors have been reminded that inflation and policy rates can go up as well as down and they've concluded 'stuff that'.
October 28, 2025 at 1:50 PM
Really nice piece, particularly this first chart. It's almost as if the Fed have been trying to talk long rates down since the early 90s. Until the pandemic, they succeeded. Now investors have been reminded that inflation and policy rates can go up as well as down and they've concluded 'stuff that'.
Difficult one. Taxes on income are a disincentive to work, of course, and taxes on wealth are a disincentive to invest. But ex-post, I do wonder whether he could perhaps manage on, say, $100 billion and that maybe $60 billion could be put to better use elsewhere?
September 21, 2025 at 2:04 PM
Difficult one. Taxes on income are a disincentive to work, of course, and taxes on wealth are a disincentive to invest. But ex-post, I do wonder whether he could perhaps manage on, say, $100 billion and that maybe $60 billion could be put to better use elsewhere?
Hmm. This Fed paper from 2019 found much larger effects. But the standard error bands are vast, presumably because no one's tried jacking up their effective tariff rate by 10 pps for quite some time. So there's not much data to go on. An exciting experiment! www.federalreserve.gov/econres/note...
Does Trade Policy Uncertainty Affect Global Economic Activity?
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
March 27, 2025 at 7:05 AM
Hmm. This Fed paper from 2019 found much larger effects. But the standard error bands are vast, presumably because no one's tried jacking up their effective tariff rate by 10 pps for quite some time. So there's not much data to go on. An exciting experiment! www.federalreserve.gov/econres/note...