Monthly Archives: November 2013

Thinking ahead to the next round of the debt-ceiling talks in February.  Republican negotiators may be worrying that they are losing credibility.  The first time they extracted real concessions from Democrats.  This time they got nothing of note and appeared … Continue reading →

I have, occasionally, pointed out things that the Bank has done well in this blog.  However, it’s fair to say that most of what I have done is to detail things I think could be done differently.  But in case … Continue reading →

I heard an interesting tale during my Riksbank visit, from Karolina Ekholm, Deputy Governor.  She explained to me that in the immediate aftermath of the crisis, the Swedish debt management office were OVER-issuing government debt [ie selling more than they … Continue reading →

In this post I explained why I thought that the fight over the debt ceiling acted like a monetary contraction (as well as, ironically for the Tea Party, acting like a wealth tax).  The argument, made by others too, is … Continue reading →