Sam Levey
@slevey.bsky.social
Assistant Professor of Economics at Illinois College. Modern Monetary Theory and other heterodox approaches.
Wild scenario, that I’m surprised I’ve never considered before! In effect, the Treasury forces the CB to finance its spending in the domestic currency, by forcibly increasing the country’s FX reserves.
March 29, 2025 at 6:08 PM
Wild scenario, that I’m surprised I’ve never considered before! In effect, the Treasury forces the CB to finance its spending in the domestic currency, by forcibly increasing the country’s FX reserves.
lol Google is trying to tell me that all of Nietzsche’s grandparents were Jesus.
January 24, 2025 at 2:29 PM
lol Google is trying to tell me that all of Nietzsche’s grandparents were Jesus.
Anticipatory price increases!
December 18, 2024 at 6:54 PM
Anticipatory price increases!
For evidence on that, I'd point to data like this, showing more job seekers than job openings, for like 90% of my adult life. And this data is known to under-count how many people would take a job if offered one. [Edit: different pic from OP]
FE is only something we *approach* at the peak of booms.
FE is only something we *approach* at the peak of booms.
November 14, 2024 at 5:20 AM
For evidence on that, I'd point to data like this, showing more job seekers than job openings, for like 90% of my adult life. And this data is known to under-count how many people would take a job if offered one. [Edit: different pic from OP]
FE is only something we *approach* at the peak of booms.
FE is only something we *approach* at the peak of booms.