Whew. The penultimate draft of The Fiscal Theory of the Price Level  is now done, and in the hands of the copy-editors at Princeton. There is still time to send me typos, thinkos, wrong equations, excessive repetition and more!

I was researching the European Stability Mechanism this morning for a paper on the evolution of the euro, and I ran across this gem of economics art on the ESM webpage .   Put on your mechanical engineer hat for a moment. This is…

The   Speech  by the ECB's Isabel Schnabel, advertised on the official ECB twitter stream  caused a characteristically grumpy outburst from me . Savor the ECB's tweet in all of its glory:  We will not tolerate changes in…

Two era-defining articles popped up in today's Wall Street Journal.  In " the coming global crisis of climate policy, " Joseph Sternberg writes  ...Anyone who still thinks climate change is a greater threat than cli…