Archive for June, 2016

Yellen Suggests Equilibrium Real Rate for Overnight Money is Zero

Thursday, June 16th, 2016

The most interesting tidbit to me in Janet Yellen’s post-FOMC press conference yesterday was when she was discussing the neutral real rate of interest (net of inflation) for an American economy running at trend growth near full employment.  She cited that there is some research that suggests that that rate is now zero percent.  Now […]

Asymmetries in Society

Thursday, June 2nd, 2016

So I am watching one of my favorite movies on AMC, The Matrix.  For whatever reason the censors have the guys bleeping out the word ‘shit’.  It is rendered by the overlord overdub as ‘shoot’.  This is on a cable channel at like 9:57 PM Central Time on Thursday night.  So we can have gay […]


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