korrents

On the map

Tap a claim on the ring to put it at the centre.

← The price level behaves as the aggregate of mostly backward-looking…

17 connected korrents · 18 moments from 11 Feb 2019 to 15 Oct 2026.

Everything filed under inflation inflation Everything filed under fiscal policy fiscal policy Everything filed under interest rates interest rates Everything filed under market efficiency market efficiency Everything filed under cybersecurity cybersecurity Same subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subject Read this korrent: The price level behaves as the aggregate of mostly backward-looking decisions rather than as an asset price, except during hyperinflation, so expected future primary balances barely affect it today. The price level behaves as the aggregateof mostly backward-looking decisionsrather than as an asset price, exceptduring hyperinflation, so expected futureprimary balances barely affect it today. Last stated 4 years ago 1 Jun 2022 OB Olivier Blanchard — holds since 2022-06-01 — tap for who they are Same subject: AI stocks are behaving as if they are insensitive to interest rate changes. — tap to centre the map on it AI stocks are behaving as if theyare insensitive to interest ratechanges. Last stated a week ago 8 Oct 2026 BD Brad DeLong — holds since 2026-10-08 — tap for who they are Same subject: The probability of a self-fulfilling bad equilibrium in sovereign debt markets depends little on the debt level itself, but is much reduced by a rule linking the primary balance to debt service increases. — tap to centre the map on it The probability of a self-fulfillingbad equilibrium in sovereign debtmarkets depends little on the debtlevel itself, but is much reduced bya rule linking the primary balanceto debt service increases. Last stated 4 years ago 1 Jun 2022 OB Olivier Blanchard — holds since 2022-06-01 — tap for who they are Same subject: Most macroeconomic models cannot describe the AI transition, because they assume a single output that converts one-for-one into capital or consumption. — tap to centre the map on it Most macroeconomic models cannotdescribe the AI transition, becausethey assume a single output thatconverts one-for-one into capital orconsumption. Last stated 4 months ago 4 Jun 2026 PT Phil Trammell — holds since 2026-06-04 — tap for who they are Same subject: Samuelson's random-walk analogy for stock prices was mathematical showing-off dressed up as a claim about the real world. — tap to centre the map on it Samuelson's random-walk analogy forstock prices was mathematicalshowing-off dressed up as a claimabout the real world. Last stated 3 years ago 30 May 2023 AG Andrew Gelman — holds since 2023-05-27 — tap for who they are AG Andrew Gelman — no longer holds since 2023-05-30 — tap for who they are Same subject: Cyber insurance prices can be expected to rise somewhat, though why they have kept falling is far from obvious. — tap to centre the map on it Cyber insurance prices can beexpected to rise somewhat, thoughwhy they have kept falling is farfrom obvious. Last stated a month ago 6 Sept 2026 TC Tyler Cowen — holds since 2026-09-06 — 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 ownunit can only bootstrap from zero tomass adoption through a period ofupward 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: When safe interest rates are expected to remain below growth rates for a long time, rolling over public debt without later tax increases is feasible and public debt may carry no fiscal cost. — tap to centre the map on it When safe interest rates areexpected to remain below growthrates for a long time, rolling overpublic debt without later taxincreases is feasible and publicdebt may carry no fiscal cost. Last stated 3 years ago 6 Nov 2023 OB Olivier Blanchard — holds since 2019-02-11 — tap for who they are OB Olivier Blanchard — no longer holds since 2023-11-06 — tap for who they are Same subject: Raising interest rates cannot meaningfully cool inflation when structural fiscal deficits, not private-sector lending, are its main driver. — tap to centre the map on it Raising interest rates cannotmeaningfully cool inflation whenstructural fiscal deficits, notprivate-sector lending, are its maindriver. Last stated 2 years ago 8 Jan 2025 LA Lyn Alden — holds since 2025-01-08 — 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 bytariffing foreign countries ratherthan 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 thriving society needs both the left's redistributing of resources and the right's producing and conserving of them — tap to centre the map on it A thriving society needs both theleft's redistributing of resourcesand the right's producing andconserving of them Last stated 3 years ago 11 May 2023 RB Roy Baumeister — holds since 2023-05-11 — tap for who they are Same subject: Automatic fiscal stabilizers give fiscal policy an advantage over monetary policy in stabilizing output because they act faster. — tap to centre the map on it Automatic fiscal stabilizers givefiscal policy an advantage overmonetary policy in stabilizingoutput because they act faster. 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 barshould be set against the bestcompanies in the industry ratherthan against its own history, whichis what makes title inflation a realcost. 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, unprintablebase money supply can sustain rapidlong-run growth with zero cumulativeprice 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 atleast somewhat to the inflation of2021-2022. Last stated 4 years ago 25 Jul 2022 NS Noah Smith — holds since 2022-07-25 — tap for who they are Same subject: Tariffs are likely to become inflationary once companies can no longer absorb the added costs. — tap to centre the map on it Tariffs are likely to becomeinflationary once companies can nolonger absorb the added costs. Last stated 8 months ago 9 Feb 2026 JC JL Collins — holds since 2026-02-09 — tap for who they are Same subject: The cure for the trade deficit is to tax consumption instead of saving and investment, and to stop borrowing to fund consumption. — tap to centre the map on it The cure for the trade deficit is totax consumption instead of savingand investment, and to stopborrowing to fund consumption. Last stated 2 years ago 14 Apr 2025 JC John H. Cochrane — holds since 2025-04-14 — tap for who they are Same subject: The resurgence in inflation is the responsibility of Donald Trump, due to his tariffs and the war in Iran. — tap to centre the map on it The resurgence in inflation is theresponsibility of Donald Trump, dueto his tariffs and the war in Iran. Last stated 3 days ago 15 Oct 2026 PK Paul Krugman — holds since 2026-10-15 — tap for who they are
same subject or similar wordinga cloud: claims about one subject, named for itbar: when it was last stated, on a scale from 2015 to today — full is todaya face: someone who holds the claim — tap it for who they arefaded, dashed ring: they no longer hold it — they changed their mind

At the centre The price level behaves as the aggregate of mostly backward-looking decisions rather than as an asset price, except during hyperinflation, so expected future primary balances barely affect it today. Last stated 1 Jun 2022 · 4 years ago Holds Olivier Blanchard Read this korrent →