Matías Vernengo

Oil price up by 20% since bombing of Iran and 25% in the past month. This might lead the Fed to hold rates

Tonight at 5:15 EST this talk. Zoom link below bucknell.zoom.us/j/7666835802...

🤣🤣🤣

@washingtonpost.com eliminated the Book World section, which was revived out of the Outlook session. Now all are essentially gone. No books, no ideas. Time to rethink my subscription

Só Raquel de Queiroz e José Lins do Rego 😬

Consumer Price Index Summary - 2026 M01 Results

Btw, the categories that contributed the most for inflation during the year to Jan, were electricity, utilities, and shelter, none affected by tariffs www.bls.gov/news.release...

The last British royal arrested before ex-Prince Andrew was beheaded Andrew Mountbatten-Windsor isn't the first member of the British Royal Family to be arrested, but it hasn't happened in a very long time.

Andrew Mountbatten-Windsor isn't the first member of the British Royal Family to be arrested, but it hasn't happened in centuries.

The last member to be arrested was beheaded.

This suggests that those that suggested that tariffs would neither be inflationary, nor contractionary were right

Who Is Paying for the 2025 U.S. Tariffs? - Liberty Street Economics Over the course of 2025, the average tariff rate on U.S. imports increased from 2.6 to 13 percent. In this blog post, we ask how much of the tariffs were paid by the U.S., using import data through No...

The study shows that most of the costs of the tariffs, which were heightened to levels not seen since the 30s, were paud by consumers. However, inflation remains at 2.4% and wages at the bottom grew faster libertystreeteconomics.newyorkfed.org/2026/02/who-...

Naked Keynesianism at 15! A day like today, back in 2011, I wrote the first post on Naked Keynesianism. I was at the University of Utah then (that was still an heter...

15 years of the Naked Keynesianism blog nakedkeynesianism.blogspot.com/2026/02/nake...

The John Jay-New School Conference on Contemporary Political Economy This new conference is a collaborative initiative aimed at sustaining and strengthening critical political economy scholarship. While URPE has traditionally organized panels at the Eastern Economic…

See here johnjayeconomics.org/event/the-jo...

Since the Easterns will not be in the US this year (in the Dominican Republic in May), John Jay and the New School Econ departments are organizing a conference on the traditional date (last weekend of February) in New York. More info in the link, including registration and the program

Ok. Enough time. Milton Friedman. He was not for fiscal activism (or not much beyond some unemployment insurance; if he is to be believed). Link here www.pbs.org/wgbh/command...

Also, a few links of my posts over the years on this topic. I should call it, Posts in Prophesy (or Persuasion), given that I did noted back in 2015 that austerity would backfire

The bridge to austerity and stagnation I have always emphasized in the blog the importance of  the Principle of Effective Demand and the pitfalls of Say’s Law, as central to und...

Paper on Brazilian stagnation from 2015 to 2022. Note that it started before the coup against Dilma in 2016, and that some of the same mistakes of Dilma II are being reproduced by Lula III nakedkeynesianism.blogspot.com/2026/02/the-...

Teaching about the Great Depression and the New Deal (not sure it’s the Holy Grail of macroeconomics). At any rate, who said this?

Citadel’s Ken Griffin says Trump White House has ‘enriched’ family members Wall Street figure and Republican donor offers rare public criticism of perceived administration’s self-dealing

One of the main differences between the first and second terms, so far, is the extent to which the graft has expanded, and how little it has been discussed by the media www.ft.com/content/129b...

One Solution for Too Many A’s? Harvard Considers Giving A+ Grades.

Forget greedflation, the issue is gradeflation www.nytimes.com/2026/01/29/u...

Central Bank Independence and the Role of the Dollar The attack on the Fed's chairman, Jerome Powell, has correctly led to a rebuke of Donald Trump's behavior. That does not mean that the notio...

Missed this from @nakedkeynes.bsky.social nakedkeynesianism.blogspot.com/2026/01/cent...

This murder may only be justified by those who view defending immigrants as a provocation, similarly to how white supremacists once justified violence (even murder) against civil rights activists

Economic vocabulary is a story that's hundreds of years in the making Why do we use words like “natural” in economics? Or what about the word “utility”? The answer can be traced all the way back to the 18th century.

The direct link to the NPR show www.marketplace.org/story/2026/0...

On the Language of Economics on NPR's Marketplace Last December, I spoke with Sean McHenry for a segment on NPR’s Marketplace about the meanings behind the words economists use. While only a...

My interview with NPR’s Marketplace on economic language is linked here nakedkeynesianism.blogspot.com/2026/01/on-l...

Yeah, it was Dilbert that took away good jobs, not the decline of unions. The guy was terrible, but this is just silly

The Review of Keynesian Economics will sponsor the 9th Godley-Tobin Memorial Lecture next July in Rio with Jayati Ghosh @elgarpublishing.bsky.social

🚨 Out Now: The Elgar Companion to the Economies of Latin America and the Caribbean, edited by Francisco Rodríguez

🟠Learn more: www.e-elgar.com/shop/isbn/97...

🆓 Open Access Chapters: doi.org/10.4337/9781...

Contributors include: @tamboduc.bsky.social, @isabelestevez.bsky.social, @jakobjohnston.bsky.social,
@nakedkeynes.bsky.social

Venezuela needs predictability — not predation To rebuild the energy sector, the country needs a credible, legitimate government investors can trust

His piece here www.ft.com/content/8427...

Investment requires guarantees of profitability (no more, no less). Investment in China is huge (and I doubt that is what Ricardo has in mind with respect to the rule of law). It could happen in authoritarian regimes, and the end of the embargo is what will create the conditions for that /3

The second, and more importantly, is the notion that capitalism requires rules that bind the powerful and the weak in the same way. True, workers entered voluntarily into the labor market. The option is to be exploited or not (as Joan Robinson suggested) /2

Venezuela doesn't need predation. On that we agree. But there are at least two problems with Ricardo Hausmann's piece on Venezuela. One is the presumption that the US often (breached sometimes) wielded power in a benevolent way, and that coercion was only used for noble purposes /1