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Overview
Home About this blog Bio FAQs Privacy Policy TheMoneyIllusion A slightly off-center perspective on monetary problems. About this blog Print PDF eBook I decided to update the intro to my blog today (December 14, 2016).
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The odd distribution of high rise construction
This tweet caught my eye:The tweet included this graph (click link for closer view):In the unlikely event that my math is accurate, I counted 624 high-rises under construction in Canada and 796 in America. But the US has more than 8 times the population o
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A long strange trip
Facebook Twitter LinkedIn For readers who don't already know this, my new blog is over at Substack:scottsumner.substack.comThis will be my final Money Illusion post. The blog began on February 2, 2009. But the events that led to the blog took place in lat
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Magic dust (a fable)
Facebook Twitter LinkedIn In the mid-1990s, the consensus view was that central banks should target inflation at 2%. Then in the late 1990s, a light rain of "magic dust" descended on the islands of Japan. The dust made people passive and fatalistic, and t
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Are we moving toward fiscal dominance?
Facebook Twitter LinkedIn A recent Bloomberg article suggested that we may be moving toward a regime characterized by fiscal dominance, at least part of the time: In their paper, three economists from New York University, Stanford and London Business Scho
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An American economic miracle?
Facebook Twitter LinkedIn Matt Yglesias directed me to this tweet: If you looked at certain polls, you'd think the economy was doing poorly. On the other hand, if you looked at state economic performance polls, or polls asking about an individual's person
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