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Is the Shiller PE Ratio broken?As of 2/19/2020, the Shiller PE is 31.9. That is higher than the t … Read More
MachineGhost
Princes of the YenDon't remember if this was posted before, but this is a prett … Read More
MachineGhost
Afghanistan warWell, I think it depends on if you believe the government (i.e. bu … Read More
MachineGhost
Unified Monetary Theory (?)Umm, one significant way the government is different from househou … Read More
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Treasury AuctionsMMT argues that the government can create its own demand for its m … Read More
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EVERYONE Funds Their Spending

One of the most confused (and confusing) elements of endogenous money is the idea of “funding”. Endogenous money is not a new theory, but it is not well understood even [ … ]

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The Appropriate Portfolio vs the Optimal Portfolio

Should we pursue appropriate portfolios or optimal portfolios?

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