Management of demand is not efficient in dealing with supply-driven price rises: fiscal policy must play its part

  By NB  Feb 23, 2023

One winter morning in early 1637, a sailor presented himself at the counting-house of a wealthy Dutch merchant and was offered a hearty breakfast of fine red herring. The sailor noticed an onion lying on the counter. “Thinking it, no doubt, very much out

  By NB  Feb 22, 2023

Nothing is certain in this life, but the United States will definitely need to raise its debt ceiling later this year to avoid a potentially calamitous debt default. On one side, President Biden and Democrats want a “clean” debt limit increase, while Repu

  By NB  Feb 22, 2023

Money supply numbers have been sending important signals before and during the pandemic

  By NB  Feb 21, 2023