Macro/Econ

The Awful Economy Paul Volcker Inherited in 1979

The 2007-2009 economic crisis was an all-time horrible situation not only for all of us normal people who had to live through it but also those central bankers who had to figure out how to save a sinking ship. They basically threw the kitchen sink at the problem and we’re all better off for it…

Why “The Economy” is Still Relatively New

The modern financial system is still in its infancy in many ways. This is why making historical comparisons between now and even 100 years ago or so becomes difficult. Things have changed rapidly in terms of the maturity, size, and scale of the economy. In this piece I wrote for Fortune, I look at this…