Billions in Inherited Wealth Are Not Enough to Stem Neural Disorder
How can Australia compete when capital labor is overpaid?
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hey rsj, not sure if you still check this site, but i remember you making an argument some time ago about the importance sectoral holdings of risk-free assets. something like how the us private sector lost out because they weren’t holding treasuries. did you have a blog post or recommended resource for this? thanks.
I’m not sure I made such an argument. I think I was arguing that holdings between MBS and Treasuries are fungible. But what you may be thinking of is my argument that the financial sector bears the brunt of CB bond purchases while the household sector’s holdings remain unchanged. This is modulo the fungibility I mentioned previously.
Dude, you should post a response to DeLong’s latest thing on why QE can’t fail. Literally cannot. You could really have fun with this.
http://delong.typepad.com/sdj/2012/12/the-federal-reserves-shift-from-a-time-to-a-state-based-policy-rule-will-it-end-our-lost-decade.html
Hallo J.W. How is the job market search? I’m a bit worn out at the moment with econ. You hear the same childish arguments over and over again, and I don’t have the inclination to continue re-debating. Work is much more interesting at the moment. Perhaps when the weather gets warmer I will have more cycles to spare.