real interest rates

Understanding the new world shown us by Larry Summers

By / 27 Comments / 20 February 2015

Summary: A weakness of my posts is that they don’t adequately convey the wonders of our time, the extraordinary events, the uncertainty of future outcomes.  Today I attempt to show the amazing nature of our new economy, as highlighted in last weeks’ speech by Larry Summers. We have entered a new world, for ill or …

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Conservatives were correct: we have record-breaking inflation! What’s next?

By / 24 Comments / 12 November 2017

Summary: Today we look at inflation, past and present. It tells much about who to trust for economic analysis, the current state of the US economy, and what we can expect in the future. . Contents Introduction The inflation picture Implications Why has inflation fallen since 2011? Others see the rise in real rates For …

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