Two Adventures with LLM’s: Sycophancy and Bespoke ProgrammingNot economics… but watch what happens when LLM’s grade themselves and help me grade students.5d ago5d ago
MMT and Interest Rates: A Suggestive ReconsiderationShould we raise interest rates to pop bubbles? Maybe sometimes.Dec 21, 20221Dec 21, 20221
Modeling Monopoly Money in MinskyIn 2021 I put out a working paper with my simple mathematical model that illustrated MMT’s theory of the determination of the price level…Sep 3, 2022Sep 3, 2022
Buffer Stocks: A Simpler DiagramA buffer stock is a price stabilization scheme. To run a buffer stock, some entity sets a target price of a particular good, and then buys…Jan 17, 2022Jan 17, 2022
To Fight Bullshit Jobs, Run The Economy Really HotDoes our economy need more pineapple corers or more Swiss army knives?May 28, 20214May 28, 20214
Saving and Investment by DegreesInvestment isn’t driven by saving. It’s driven by money creation.Sep 6, 20201Sep 6, 20201
Monopoly Money ReduxThe government has a monopoly on the currency — that means that it sets the price.Jul 17, 20201Jul 17, 20201
Where does the (economic) buck stop?If we can’t decide who will bear the real losses, then there will be inflation.Mar 22, 2020Mar 22, 2020
