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← Friedman and Schwartz's account of the Great Depression became the…
17 connected korrents · 13 moments from 16 Sept 2001 to 15 Oct 2026. Nearly all of them are about interest rates .
Everything filed under government
government
Everything filed under inflation
inflation
Everything filed under democracy
democracy
Everything filed under public debt
public debt
Everything filed under fiscal policy
fiscal policy
Everything filed under surgical outcomes
surgical outcomes
Everything filed under quantitative easing
quantitative easing 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: Friedman and Schwartz's account of the Great Depression became the Federal Reserve's permanent playbook, because no Fed chair wants to be the villain of the sequel. Friedman and Schwartz's account of the Great Depression became the Federal Reserve's permanent playbook, because no Fed chair wants to be the villain of the sequel. Last stated 2 years ago
19 Jan 2025
JB
Jennifer Burns — holds since 2025-01-19 — tap for who they are
Same subject: A bank should be managed against the fat tails it can imagine, not against the stress test its regulator hands it. — tap to centre the map on it A bank should be managed against the fat tails it can imagine, not against the stress test its regulator hands it. Last stated a year ago
16 Jul 2025
JD
Jamie Dimon — holds since 2025-07-16 — 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: A Fed easing move being immediately followed by a sharp jump in long-term rates suggests the Federal Reserve has lost control over the narrative governing bond-market expectations. — tap to centre the map on it A Fed easing move being immediately followed by a sharp jump in long-term rates suggests the Federal Reserve has lost control over the narrative governing bond-market expectations. Last stated a week ago
15 Oct 2026
BD
Brad DeLong — holds since 2026-10-15 — tap for who they are
Same subject: A fiscal expansion when the economy is already at potential output prompts monetary tightening that dampens or eliminates its effect on output. — tap to centre the map on it A fiscal expansion when the economy is already at potential output prompts monetary tightening that dampens or eliminates its effect on output. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: A government's debt dynamics are a household's or a company's, except that it can print money and tax -- and those two powers are what change the ending. — tap to centre the map on it A government's debt dynamics are a household's or a company's, except that it can print money and tax -- and those two powers are what change the ending. Last stated 2 months ago
21 Aug 2026
RD
Ray Dalio — holds since 2026-08-21 — tap for who they are
Same subject: A longer average debt maturity protects a government from temporary interest-rate spikes and gives it more time to adjust to permanent rate increases. — tap to centre the map on it A longer average debt maturity protects a government from temporary interest-rate spikes and gives it more time to adjust to permanent rate increases. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: A new monetary network with its own unit can only bootstrap from zero to mass adoption through a period of upward price volatility. — tap to centre the map on it A new monetary network with its own unit can only bootstrap from zero to mass adoption through a period of upward price volatility. Last stated a year ago
6 Jul 2025
LA
Lyn Alden — holds since 2025-07-06 — tap for who they are
Same subject: A persistently low safe interest rate signals that capital is not very productive at the margin, an underlying economic problem rather than a policy variable. — tap to centre the map on it A persistently low safe interest rate signals that capital is not very productive at the margin, an underlying economic problem rather than a policy variable. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: A company's staff-engineer bar should be set against the best companies in the industry rather than against its own history, which is what makes title inflation a real cost. — tap to centre the map on it A company's staff-engineer bar should be set against the best companies in the industry rather than against its own history, which is what makes title inflation a real cost. Last stated 7 months ago
1 Apr 2026
TP
Thuan Pham — holds since 2026-04-01 — tap for who they are
Same subject: An economy on a fixed, unprintable base money supply can sustain rapid long-run growth with zero cumulative price inflation. — tap to centre the map on it An economy on a fixed, unprintable base money supply can sustain rapid long-run growth with zero cumulative price inflation. Last stated 7 months ago
11 Mar 2026
LA
Lyn Alden — holds since 2026-03-11 — tap for who they are
Same subject: Cash welfare benefits contributed at least somewhat to the inflation of 2021-2022. — tap to centre the map on it Cash welfare benefits contributed at least somewhat to the inflation of 2021-2022. Last stated 4 years ago
25 Jul 2022
NS
Noah Smith — holds since 2022-07-25 — 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: Canceling government bonds held by a central bank creates no fiscal space, because the reduction in government interest payments is exactly offset by an equal reduction in the profits the central bank remits to the government. — tap to centre the map on it Canceling government bonds held by a central bank creates no fiscal space, because the reduction in government interest payments is exactly offset by an equal reduction in the profits the central bank remits to the government. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — 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: A company can run on truth only if its leader deeply desires it and rules with a firm hand rather than by democracy. — tap to centre the map on it A company can run on truth only if its leader deeply desires it and rules with a firm hand rather than by democracy. Last stated 2 years ago
6 Mar 2025
KG
Kapil Gupta — holds since 2025-03-06 — tap for who they are
Same subject: A company is not a democracy: every voice should be heard and then one person decides, and the decision should not be the popular one. — tap to centre the map on it A company is not a democracy: every voice should be heard and then one person decides, and the decision should not be the popular one. Last stated 5 months ago
2 Jun 2026
MP
Mark Pincus — holds since 2026-06-02 — tap for who they are
Same subject: After September 11, the politics of democracy was replaced by grief management; people may grieve together but should not be stupid together — tap to centre the map on it After September 11, the politics of democracy was replaced by grief management; people may grieve together but should not be stupid together Last stated 25 years ago
16 Sept 2001
SS
Susan Sontag — holds since 2001-09-16 — tap for who they are
At the centre
Friedman and Schwartz's account of the Great Depression became the Federal Reserve's permanent playbook, because no Fed chair wants to be the villain of the sequel.
Holds Read this korrent →
A bank should be managed against the fat tails it can imagine, not against the stress test its regulator hands it.
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
A Fed easing move being immediately followed by a sharp jump in long-term rates suggests the Federal Reserve has lost control over the narrative governing bond-market expectations.
Holds
A fiscal expansion when the economy is already at potential output prompts monetary tightening that dampens or eliminates its effect on output.
Holds
A government's debt dynamics are a household's or a company's, except that it can print money and tax -- and those two powers are what change the ending.
Holds
A longer average debt maturity protects a government from temporary interest-rate spikes and gives it more time to adjust to permanent rate increases.
Holds
A new monetary network with its own unit can only bootstrap from zero to mass adoption through a period of upward price volatility.
Holds
A persistently low safe interest rate signals that capital is not very productive at the margin, an underlying economic problem rather than a policy variable.
Holds
A company's staff-engineer bar should be set against the best companies in the industry rather than against its own history, which is what makes title inflation a real cost.
Holds
An economy on a fixed, unprintable base money supply can sustain rapid long-run growth with zero cumulative price inflation.
Holds
Cash welfare benefits contributed at least somewhat to the inflation of 2021-2022.
Holds
Since the Global Financial Crisis, unconventional monetary policy has become the dominant force driving asset prices, more than fundamentals.
Holds
Canceling government bonds held by a central bank creates no fiscal space, because the reduction in government interest payments is exactly offset by an equal reduction in the profits the central bank remits to the government.
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
A company can run on truth only if its leader deeply desires it and rules with a firm hand rather than by democracy.
Holds
A company is not a democracy: every voice should be heard and then one person decides, and the decision should not be the popular one.
Holds
After September 11, the politics of democracy was replaced by grief management; people may grieve together but should not be stupid together
Holds