Nostalgia for the Neoliberal Era
| Platform |  | Pricing | Freemium | Publishes | Twice weekly |
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| Issues | 150 | Founded | 2 years ago | Last Issue | 6 days ago |
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The world is bigger than you can imagine
This post will begin with some silly dorm room philosophy, but eventually I’ll extend the idea to something that I’m actually qualified to discuss—the macroeconomy.
It has become an overused cliche that the universe is so vast that the pun...
The South China shock and the world's biggest rustbelt
Thoughts on the Chinese economy
During the 1990s, China adopted a policy of “shock therapy”. If you get your information from fashionable pundits, you may not know that. You might have read that China avoided the “tragedy” of places like 1...
The great helmsman?
[Long time readers will recognize part 1—how to steer the (nominal) economy down the center of the road. Part 2 will look at how to move the road.]
Part 1: The Great Helmsman
So now we are being told that an increase in interest rates is...
Ever more links (5/20/26)
Too busy to write a new post
I have 36 links today; the first 18 are free.
The Great Forgetting
Noah Smith has a very good post on development economics, which contains the following list:
The field of economics doesn’t lack for big ideas about why countries go from poverty to riches. These include:
- Institutions: The ide...
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Authors
The writers behind this newsletter.
I am a retired economics professor that did research on monetary policy and monetary history. I wrote books that examine the causes of the Great Depression (The Midas Paradox) and the Great Recession of 2008-09 (The Money Illusion.
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