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← A durable fiscal reform might have a multiplier effect.
17 connected korrents · 15 moments from 5 Sept 2010 to 7 Nov 2026. Nearly all of them are about interest rates and inflation .
Everything filed under fiscal policy
fiscal policy
Everything filed under quantitative easing
quantitative easing
Everything filed under public debt
public debt
Everything filed under government
government
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America Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: A durable fiscal reform might have a multiplier effect. A durable fiscal reform might have a multiplier effect. Last stated today
7 Nov 2026
JC
John H. Cochrane — holds since 2026-11-07 — tap for who they are
Same subject: Ceding control of the Fed's balance sheet to the Treasury so it can keep interest rates low for more government borrowing would be a real inflation risk. — tap to centre the map on it Ceding control of the Fed's balance sheet to the Treasury so it can keep interest rates low for more government borrowing would be a real inflation risk. Last stated 3 months ago
17 Aug 2026
CS
Claudia Sahm — holds since 2026-08-17 — tap for who they are
Same subject: Central bank purchases of government bonds are not bailouts and do not automatically cause inflation, since they only change the composition of the consolidated government's liabilities, not their total. — tap to centre the map on it Central bank purchases of government bonds are not bailouts and do not automatically cause inflation, since they only change the composition of the consolidated government's liabilities, not their total. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: Central banks may begin easing tightening measures in the first half of 2023 as inflation and the economy cool. — tap to centre the map on it Central banks may begin easing tightening measures in the first half of 2023 as inflation and the economy cool. Last stated 4 years ago
1 Jan 2023
FW
Fred Wilson — holds since 2023-01-01 — tap for who they are
Same subject: Central banks must be independent of politicians. — tap to centre the map on it Central banks must be independent of politicians. Last stated 3 months ago
31 Jul 2026
FF
Francis Fukuyama — holds since 2026-07-31 — tap for who they are
Same subject: Central banks should hold inflation-protected bonds as primary assets — tap to centre the map on it Central banks should hold inflation-protected bonds as primary assets Last stated a month ago
1 Oct 2026
JC
John H. Cochrane — holds since 2026-10-01 — tap for who they are
Same subject: Central banks should not raise interest rates to counter temporary supply shocks that will fade on their own. — tap to centre the map on it Central banks should not raise interest rates to counter temporary supply shocks that will fade on their own. Last stated 2 months ago
7 Sept 2026
CS
Claudia Sahm — holds since 2026-09-07 — tap for who they are
Same subject: Higher interest rates cannot durably lower inflation without a fiscal tightening to pay interest costs on the debt. — tap to centre the map on it Higher interest rates cannot durably lower inflation without a fiscal tightening to pay interest costs on the debt. Last stated 3 weeks ago
19 Oct 2026
JC
John H. Cochrane — holds since 2026-10-19 — tap for who they are
Same subject: Holding real assets should help central banks control inflation. — tap to centre the map on it Holding real assets should help central banks control inflation. Last stated a month ago
1 Oct 2026
JC
John H. Cochrane — holds since 2026-10-01 — tap for who they are
Same subject: ‘Chainsaw’ economics as tried by Truss, Musk and Milei did damage without achieving its goals. — tap to centre the map on it ‘Chainsaw’ economics as tried by Truss, Musk and Milei did damage without achieving its goals. Last stated 2 weeks ago
26 Oct 2026
WD
William Davies — holds since 2026-10-26 — tap for who they are
Same subject: A country should raise revenue by tariffing foreign countries rather than by taxing its own citizens. — tap to centre the map on it A country should raise revenue by tariffing foreign countries rather than by taxing its own citizens. Last stated 2 years ago
20 Jan 2025
DT
Donald Trump — holds since 2025-01-20 — tap for who they are
Same subject: A crowd will always accept an indirect tax, however high, because it passes unperceived — tap to centre the map on it A crowd will always accept an indirect tax, however high, because it passes unperceived
GB
Gustave Le Bon — holds since c. 1895 — tap for who they are
Same subject: During post-2008 fiscal consolidation, the costs of high public debt were overestimated and fiscal multipliers were underestimated, understating the output costs of austerity. — tap to centre the map on it During post-2008 fiscal consolidation, the costs of high public debt were overestimated and fiscal multipliers were underestimated, understating the output costs of austerity. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: Republicans' long-term strategy since Reagan has been to spend heavily on things that don't benefit the non-rich, refuse to raise taxes, and thereby balloon the national debt. — tap to centre the map on it Republicans' long-term strategy since Reagan has been to spend heavily on things that don't benefit the non-rich, refuse to raise taxes, and thereby balloon the national debt. Last stated 2 months ago
16 Sept 2026
RS
Richard Stallman — holds since 2026-09-16 — tap for who they are
Same subject: The 2025 reconciliation bill was a mistake in every regard: it grows deficits and shrinks the economy. — tap to centre the map on it The 2025 reconciliation bill was a mistake in every regard: it grows deficits and shrinks the economy. Last stated a year ago
3 Jul 2025
NS
Natasha Sarin — holds since 2025-07-03 — tap for who they are
Same subject: Since the Global Financial Crisis, unconventional monetary policy has become the dominant force driving asset prices, more than fundamentals. — tap to centre the map on it Since the Global Financial Crisis, unconventional monetary policy has become the dominant force driving asset prices, more than fundamentals. Last stated 2 years ago
24 Sept 2024
LA
Lyn Alden — holds since 2024-09-24 — tap for who they are
Same subject: A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. — tap to centre the map on it A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: Aggressive quantitative easing should raise long-term interest rates, because effective monetary stimulus raises them. — tap to centre the map on it Aggressive quantitative easing should raise long-term interest rates, because effective monetary stimulus raises them. Last stated 16 years ago
6 Sept 2010
SS
Scott Sumner — holds since 2010-09-05 — tap for who they are
SS
Scott Sumner — no longer holds since 2010-09-06 — tap for who they are
At the centre
A durable fiscal reform might have a multiplier effect.
Holds Read this korrent →
Ceding control of the Fed's balance sheet to the Treasury so it can keep interest rates low for more government borrowing would be a real inflation risk.
Holds
Central bank purchases of government bonds are not bailouts and do not automatically cause inflation, since they only change the composition of the consolidated government's liabilities, not their total.
Holds
Central banks may begin easing tightening measures in the first half of 2023 as inflation and the economy cool.
Holds
Central banks must be independent of politicians.
Holds
Central banks should hold inflation-protected bonds as primary assets
Holds
Central banks should not raise interest rates to counter temporary supply shocks that will fade on their own.
Holds
Higher interest rates cannot durably lower inflation without a fiscal tightening to pay interest costs on the debt.
Holds
Holding real assets should help central banks control inflation.
Holds
‘Chainsaw’ economics as tried by Truss, Musk and Milei did damage without achieving its goals.
Holds
A country should raise revenue by tariffing foreign countries rather than by taxing its own citizens.
Holds
A crowd will always accept an indirect tax, however high, because it passes unperceived
Last stated c. 1895
Holds
During post-2008 fiscal consolidation, the costs of high public debt were overestimated and fiscal multipliers were underestimated, understating the output costs of austerity.
Holds
Republicans' long-term strategy since Reagan has been to spend heavily on things that don't benefit the non-rich, refuse to raise taxes, and thereby balloon the national debt.
Holds
The 2025 reconciliation bill was a mistake in every regard: it grows deficits and shrinks the economy.
Holds
Since the Global Financial Crisis, unconventional monetary policy has become the dominant force driving asset prices, more than fundamentals.
Holds
A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate.
Holds
Aggressive quantitative easing should raise long-term interest rates, because effective monetary stimulus raises them.
No longer holds