If my ever-growing list of things to post about is any indication, Thought Offerings will not be in hibernation forever.... that said, I don't know how soon real posting activity will resume. On my list are specific posts about the usual macroeconomic blog fare: interest rate policy foundations and effects, economic growth dynamics, job guarantee versus job or income guarantee, confusion about flows versus changes in flows, dynamics of inflation, debt and demographics, money supply dynamics, and more.
If you've been subscribed to this blog via Google Reader and haven't yet chosen a new RSS feed reader (with Google Reader going offline very soon), I suggest giving NewsBlur a try. It's a little buggy still but seems very promising, with both mobile app and full web versions. Alternate suggestions are very welcome though -- I only recently started looking at current options.
For newcomers, here are some past posts I recommend:
- I have seen a handful of bloggers refer to the possibility that interest rate policy might work primarily through the housing channel, but I've never seen anyone detail how that might be true. Here are my previous thoughts on the mechanics (but with the bottom line that monetary policy is still mostly a placebo): Cutting Interest Rates to Boost the Economy: A Fallacy of Composition just like the False Notion of Cutting Wages to Create Jobs?
- Some thoughts on a specific MMT-style job guarantee program that could be highly beneficial to sustainable economic growth, and possibly more politically palatable than a more open-ended JG program: The Ultimate Job Guarantee Implementation: Can we Achieve Zero Wasted Labor AND Zero Material Waste Simultaneously?!? and The Zero Waste Jobs Program Revisited: Can We Recycle Over 80% of Trash Instead of Under 35% While Ending Involuntary Unemployment?
- The Japan stagnation thing is a myth that even otherwise astute MMT bloggers have seemed to fall for (though I've been out of the loop more recently)... Yes, Japan's population growth has stagnated, but real GDP growth per capita shows things in a different light if looked at on a long enough timeline. Real GDP Per Capita and Myths about Japan's Stagnation and Myths about Japan's Stagnation Revisited.
More.... some time.