Greetings, and welcome to my political-economy blog. Perhaps the word “blog” is too generous a term for what this is — an outlet for my sporadic thoughts on national and global economic issues, with an emphasis on monetary and regulatory policies. In these pages, I hope to take highly technical subjects and make them comprehensible for everyone. The impetus for my posts will most likely be a newspaper article, blog post, or research article that falls short in explaining an underlying concept. My intention is not to be polemical (although I’m sure I’ll rant from time to time), but rather to elucidate something fundamental about monetary or regulatory policy so that intelligent debate can then proceed.
The first topic on deck: the Federal Reserve’s interest rate hike.