The Two Cents
Romain Wacziarg, Hanno LustigA space for musings on economic policy and political economy by Hanno Lustig and Romain Wacziarg
| Platform |  | Pricing | Only free issues | Publishes | Twice weekly |
|---|---|---|---|---|---|
| Issues | 26 | Founded | 6 months ago | Last Issue | 7 days ago |
| Active | |||||
Read this Newsletter
thetwocents.substack.comLatest Issues
Are central bankers chasing their own shadow?
Back in 1993 John Taylor, a professor at Stanford Economics, wrote down a rule to describe how central bankers in the US set the policy rate, the Fed Funds rate. This is the interest rate the Fed raises to keep the economy from overheating....
Europe chose insurance. America chose growth.
The World Cup has kicked off an interesting experiment: hundreds of thousands of European soccer fans, some of whom arrived expecting a dystopian country. If you consume mainstream European media coverage of the United States under Trump, y...
Junior doesn't vote
One of the best political interviews I’ve seen in years is François Bayrou’s interview, the French PM, on the French evening news by Gilles Bouleau on Wednesday, 27 August 2025 8 p.m. news.
François Bayrou had just announced on August 25...
How the war was funded.
When the FOMC met on the morning of June 9, 2020, in the midst of the pandemic, the question on the table was whether yield curve control (YCC) would be an appropriate tool to deploy in the pandemic. The Fed found itself at the effective lo...
How do governments use financial repression to lower their cost of funding?
Joint work with Roberto Gomez-Cram, Howard Kung, and David Zeke.
Financial repression is a catch-all term for all of the things governments, central banks, and financial regulators can do to lower the government’s cost of funding below the...
Key Facts
Audience Metrics
Subscribers, engagement, traffic and sponsorship for The Two Cents.
| Subscribers | Engagement | 79 | Monthly Web Visits | ||
|---|---|---|---|---|---|
| Accepts Sponsors | Estimated Cost per Ad | ||||
Explore More
SEO Reach
Where The Two Cents ranks on Google, and how much search traffic it brings in.
| Ranked Keywords | 24 | Monthly Search Traffic | Top Keywords |
|---|
Authors
The writers behind this newsletter.
Economist, Professor at UCLA, Editor of the Journal of the European Economic Association, Faculty Director of the Center for Global Management at UCLA Anderson.
Economist at Stanford. Fascinated by exchange rates. Really wanted to be a pilot. Actually, taxes do fund spending.
Frequently Asked Questions
How can I access the email archive for The Two Cents?
You can find recent issues that have been published by The Two Cents on Reletter by scrolling up to where it says Latest Issues. Tap on the link for any of the most recent emails or hit More Issues to see older ones.
How many subscribers does The Two Cents have?
To see how many people subscribe to The Two Cents, simply upgrade your Reletter account. We provide readership numbers and lots of other stats for this newsletter so you can decide if it's worth reaching out to.
How can I advertise in The Two Cents?
Newsletter advertising can be extremely effective when it's done right. Before you pitch The Two Cents as a potential sponsor or partner, make sure that you've done your research and checked its newsletter stats with Reletter.
Then, personalize one of our winning pitching templates and send it to the right person using the contact info provided.
How much does it cost to sponsor a publication like The Two Cents?
Newsletter ad rates (or CPM) vary depending on many factors, including industry, number of subscribers, open rate, ad placement and more.
To find out how much an ad will cost, contact The Two Cents using the contact information provided and ask for a copy of their media kit.
How can I find newsletters related to The Two Cents?
Scroll up to where it says Related Newsletters to see other publications like The Two Cents. You can also search our email newsletter directory to discover other newsletters that cover the topics you're interested in.
How do I contact The Two Cents?
Reletter provides this newsletter's website URL above, where you will often find their contact information. We also provide links to associated social media accounts and pitching templates so you can reach out fast.