Money Fetish
Marcus NunesMostly revolving around monetary policy
| Platform |  | Pricing | Freemium | Publishes | Daily |
|---|---|---|---|---|---|
| Issues | 465 | Founded | 6 years ago | Last Issue | 5 days ago |
| Active | |||||
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marcusnunes.substack.comLatest Issues
Anna Paulson Can’t Tell Whether Policy Is Tight. Her Framework Is Why.
She looks through supply shocks, she gets the AI timing right, and she admits she cannot tell whether the funds rate is restrictive. That last admission is not humility. It is the framework confessing what it cannot see — and the answer is...
Cochrane’s Bus
John Cochrane has a new post on whether Warsh should raise rates, and its central claim is one I largely accept: there is nothing mechanical about higher interest rates lowering inflation.
Where we part is on what follows from that — and o...
The Treasury Secretary Noticed First
Two days later the Treasury Secretary intervened in the yen for the first time in nearly thirty years — not to manage a currency, but to stop a foreign holder from selling American debt. Then he asked the Fed for help.
Sometimes an argumen...
You Cannot Tariff a Savings Gap
He has diagnosed something real, and he has believed it for forty years. But the trade balance is not a trade-policy variable, and the programme collides with the fiscal position of the government he wants to strengthen.
Robert Lighthizer...
A Critical Look at “The Jobs AI Was Supposed to Eliminate Are Booming”
Richard Baldwin’s post — “The Jobs AI Was Supposed to Eliminate Are Booming” — makes a compelling counter-narrative to the AI-doomsday story.
His core move is clever: rather than trade anecdotes, he looks at the actual trade statistics. I...
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