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Scottgrannis Blogspot. In my economic slowdown post a month ago I was generally upbeat, but I worried about the slowdown in job creation. Those worries...

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Scottgrannis.blogspot.com news digest

  • 2 days

    Abundant reserves enabled a soft landing

    In the Old Days (pre-2009), when bank reserves paid no interest—they were considered a "dead" asset—banks held the minimum amount of reserves necessary to collateralize their deposits. When the Fed needed to bring inflation down (usually as the...

  • 11 days

    Slow M2 means low CPI

    Long-time readers of this blog know that I have been one of only a handful of observers who have linked rapid M2 growth (i.e., money printing) to the big inflation problem that hit the US economy beginning in the first part of 2021. The source of the...

  • 13 days

    The enormous net worth of the US private sector

    This post extends a series of similar posts I've made over the past 15 years. It highlights the net worth of the U.S. private sector: the net value of assets and liabilities of individuals and non-profit organizations.  As of June '24, the total net...

  • 17 days

    Federal spending is the problem, not taxes

    Given the upcoming elections and all the "disinformation" floating around,  it's worthwhile clarifying some of the facts behind fiscal policy. As the following charts show, our biggest problem is too much spending, much more so than any shortfall...

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