Tighten because...fewer people are buying gas? http://thefaintofheart.wordpress.com/2014/12/26/for-the-fed-just-like-high-inflation-low-inflation-is-sufficient-reason-to-tighten/
Confidence is "good", up to a point: http://thefaintofheart.wordpress.com/2014/12/26/playing-the-lets-pretend-things-are-great-game/
Pretending the cause isn't monetary when it's convenient to do so: http://thefaintofheart.wordpress.com/2014/12/27/whats-true-of-the-riksbank-is-also-likely-true-of-many-central-banks/
Only about 1% RDGP growth per year, the last three years (Scott Sumner): What went wrong in Brazil?
Scott responds to Noah regarding tax disincentive effects: Noah Smith on taxes and labor supply
Scott at Econlog:
Unemployment in France is still over 10% The French experiment: Laffer is greater than Piketty
Data can be difficult enough to discern, without the political overtones: So how's the economy doing this year?
Betting on market forecasts could be better than betting on beliefs: I don't believe you (you're a liar)
Is it too much to ask...for a central bank to announce its target? (Nick Rowe) http://worthwhile.typepad.com/worthwhile_canadian_initi/2014/12/the-third-best-case-for-fiscal-policy-and-moral-hazard-for-central-banks.html
Potential output, or just temporary growth? http://worthwhile.typepad.com/worthwhile_canadian_initi/2014/12/temporary-increases-in-g-at-the-zlb-in-an-nk-model.html
David Beckworth responds to Krugman and others, re confusion over a permanent monetary base injection http://macromarketmusings.blogspot.com/2014/12/follow-up-to-feds-dirty-little-secret.html
"In short, inflation is below 2% in the United States because the Fed is happy with it being there." http://macromarketmusings.blogspot.com/2014/12/tinkering-on-margins.html
Why are base money changes only temporary? Because of the inflation targeting monetary regime (Bill Woolsey) Monetary Policy Effectiveness
Done right, changes in base money would only be relevant to the degree necessary to keep NGDP on track: Fed's Dirty Little Secret II
Bill explores the options of a cashless society. Argh, I prefer the addition of alternative equilibrium, rather than a completely upside down equilibrium: Cancelling Currency According to Cochrane
David Glasner has his doubts: http://uneasymoney.com/2014/12/28/is-john-cochrane-really-an-irving-fisherian/
The Bundesbank remains strongly opposed to QE (Lars Christensen) http://marketmonetarist.com/2014/12/29/yet-another-year-of-asymmetrical-monetary-policy-revisiting-the-weidmann-rule/
Why doesn't it bother the media that the 2% inflation target isn't being met? (Bonnie Carr) https://dajeeps.wordpress.com/2014/12/27/ny-times-gives-the-yellen-fed-a-pass-for-the-first-year-and-the-next/
"Perfectly wrong" is an apt description (Benjamin Cole) http://thefaintofheart.wordpress.com/2014/12/27/fomcer-richard-inspector-clouseau-fisher-strikes-again/
Two-fifths of the LFPR drop cannot be explained by aging (Evan Soltas) http://esoltas.blogspot.com/2014/12/falling-participation-update.html
Some good investment basics from Ravi Varghese: http://insecurityanalyst.blogspot.com/2014/12/some-advice-for-real-asset-owners.html
Also of interest:
Eventually, the world will want that higher priced oil...http://econbrowser.com/archives/2014/12/supply-demand-and-the-price-of-oil
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