I'm not above it: my year end writing thread.
After faking my way into becoming an "economy guy" and specifically an "austerity sucks/money's made up" polemicist late last year, I continued mining that vein through 2021.
After faking my way into becoming an "economy guy" and specifically an "austerity sucks/money's made up" polemicist late last year, I continued mining that vein through 2021.
Really 2020, but published that New Years Eve: I profiled the @moneyontheleft gang trying to build MMT into more than a theory of why deficits don't matter newrepublic.com/article/160738…
In the wake of the AMC binge and Robinhood trading freeze, I explained why Vlad Tenev's demand for T+0 trade resolution was CYA businessinsider.com/robinhood-ceo-…
I took a look at the premier tight money influence outfit in D.C., the Committee for a Responsible Federal Budget, and asked why their history of badly blown calls around the deficit hasn't dampened their political influence newrepublic.com/article/161549…
I took on the spectre of "bond vigilantes" used to spook moderates out of big spending, explained why the old stories don't apply in the era of negative real rates and climate disaster (if they ever did), and argued for deficit financing the whole BBB businessinsider.com/biden-reshape-…
I pointed to an obscure but surprisingly controversial CARES Act provision, the Fed's Municipal Liquidity Facility, as a model to direct huge amounts of capital to the states and localities that will actually build out green infrastructure nytimes.com/2021/07/16/opi…
In an inaugural newsletter essay, I examined how the political economy and geography of housing in New York City explained both the insurgent left's success in legislative races and its floundering in the mayoral primary alex-yablon.ghost.io/renters-owners…
I did my own spin on the Svenonius piss-take about the pre-08 housing bubble and the availability of band practice space, arguing that in the era of negative real rates, cities should aggressively finance not just "hard" but cultural infrastructure as well alex-yablon.ghost.io/negative-yield…
I actually read the memoir of late private equity billionaire and Georgetown fixture Pete Peterson, who bankrolled his own collection of pro-austerity think tanks and just about everyone else in DC, too businessinsider.com/pete-peterson-…
Why are the titans of finance so insistent on returning to full-time in person offices? Because work from home threatens not their business, but their personal stature and mystique.
(Notably, even JP Morgan and Goldman have since given up on this) businessinsider.com/work-from-home…
(Notably, even JP Morgan and Goldman have since given up on this) businessinsider.com/work-from-home…
I proposed a deal to get around the CBO-induced sticker shock around BBB by leaning heavily on green lending facilities and other kinds of leveraged public financing. slate.com/news-and-polit…
Drawing on new research from @jainfamilyinst, I explained why Joe Manchin and mainstream economist's objections to free money for families rest on faulty just-so stories businessinsider.com/bigger-child-t…
@jainfamilyinst As inflation scares forced the Fed to do, well, something, I looked at the growing chorus of economists and policy experts who argue that it's a mistake to ask the central bank to solve problems with the guts of the real economy businessinsider.com/federal-reserv…
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