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← Handing out cheques during Covid and accepting the inflation was less…
17 connected korrents · 16 moments from 5 Sept 2010 to 15 Oct 2026.
Everything filed under price gouging
price gouging
Everything filed under interest rates
interest rates
Everything filed under inflation
inflation
Everything filed under tariffs
tariffs
Everything filed under fiscal policy
fiscal policy
Everything filed under quantitative easing
quantitative easing In tension 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: Handing out cheques during Covid and accepting the inflation was less damaging than price controls and rationing would have been. Handing out cheques during Covid and accepting the inflation was less damaging than price controls and rationing would have been. Last stated 2 years ago
20 Aug 2024
JC
John H. Cochrane — holds since 2024-08-20 — tap for who they are
In tension: Pandemic relief checks function mainly as retroactive social insurance rather than stimulus, because people receiving them during a pandemic save or pay down debt instead of spending. — tap to centre the map on it Pandemic relief checks function mainly as retroactive social insurance rather than stimulus, because people receiving them during a pandemic save or pay down debt instead of spending. Last stated 4 years ago
25 Jul 2022
NS
Noah Smith — holds since 2021-02-07 — tap for who they are
NS
Noah Smith — no longer holds since 2022-07-25 — tap for who they are
Same subject: Draconian price controls are among the most ruinous economic policies a government can impose. — tap to centre the map on it Draconian price controls are among the most ruinous economic policies a government can impose. Last stated a month ago
18 Sept 2026
SS
Scott Sumner — holds since 2026-09-18 — tap for who they are
Same subject: Feast-or-famine corner outcomes, not modest proportional belt-tightening, are the generic result of price controls. — tap to centre the map on it Feast-or-famine corner outcomes, not modest proportional belt-tightening, are the generic result of price controls. Last stated 8 months ago
12 Feb 2026
AT
Alex Tabarrok — holds since 2026-02-12 — tap for who they are
Same subject: Laws against price gouging are what cause hoarding, because it is the expectation of empty shelves that makes people stock up. — tap to centre the map on it Laws against price gouging are what cause hoarding, because it is the expectation of empty shelves that makes people stock up. Last stated 2 years ago
20 Aug 2024
JC
John H. Cochrane — holds since 2024-08-20 — tap for who they are
Same subject: Misallocation, not the aggregate quantity reduction, is the main welfare cost of price controls. — tap to centre the map on it Misallocation, not the aggregate quantity reduction, is the main welfare cost of price controls. Last stated 8 months ago
12 Feb 2026
AT
Alex Tabarrok — holds since 2026-02-12 — tap for who they are
Same subject: Price gouging should be legal, because a sharply higher price is what sends scarce supply to the people who need it most. — tap to centre the map on it Price gouging should be legal, because a sharply higher price is what sends scarce supply to the people who need it most. Last stated 2 years ago
20 Aug 2024
JC
John H. Cochrane — holds since 2024-08-20 — 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: 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 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 trade dispute escalated by aggressive tariffs can still end in a negotiated outcome that leaves all sides better off. — tap to centre the map on it A trade dispute escalated by aggressive tariffs can still end in a negotiated outcome that leaves all sides better off. Last stated a year ago
30 May 2025
GS
Guy Spier — holds since 2025-05-30 — tap for who they are
Same subject: America's large trade deficit in manufactured goods means fewer US manufacturing jobs than balanced trade would. — tap to centre the map on it America's large trade deficit in manufactured goods means fewer US manufacturing jobs than balanced trade would. Last stated 2 months ago
7 Sept 2026
PK
Paul Krugman — holds since 2026-09-07 — 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
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
At the centre
Handing out cheques during Covid and accepting the inflation was less damaging than price controls and rationing would have been.
Holds Read this korrent →
Pandemic relief checks function mainly as retroactive social insurance rather than stimulus, because people receiving them during a pandemic save or pay down debt instead of spending.
No longer holds
Draconian price controls are among the most ruinous economic policies a government can impose.
Holds
Feast-or-famine corner outcomes, not modest proportional belt-tightening, are the generic result of price controls.
Holds
Laws against price gouging are what cause hoarding, because it is the expectation of empty shelves that makes people stock up.
Holds
Misallocation, not the aggregate quantity reduction, is the main welfare cost of price controls.
Holds
Price gouging should be legal, because a sharply higher price is what sends scarce supply to the people who need it most.
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
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 country should raise revenue by tariffing foreign countries rather than by taxing its own citizens.
Holds
A trade dispute escalated by aggressive tariffs can still end in a negotiated outcome that leaves all sides better off.
Holds
America's large trade deficit in manufactured goods means fewer US manufacturing jobs than balanced trade would.
Holds
Aggressive quantitative easing should raise long-term interest rates, because effective monetary stimulus raises them.
No longer holds
Since the Global Financial Crisis, unconventional monetary policy has become the dominant force driving asset prices, more than fundamentals.
Holds