Well, another year of blogging is over. For me, it was a year of research themes. I spent the first half of 2023 debunking interest-rate orthodoxy. Then I spent the second half of the year studying the world’s billionaires. Here were the top 5 posts: Do High Interest Rates Reduce Inflation?

Using standard tools of economic analysis, I show that the key to reducing inflation is to raise wages as fast as possible.

There is strong evidence that higher interest rates don’t mitigate inflation. Instead, they might make it worse. I wade through the details here.

According to economic orthodoxy, higher interest rates reduce inflation. In this post, I hold your monetary faith to the fire. Can it survive?

I use World Bank data to test Nitzan and Bichler’s ‘stagflation thesis’ — the idea that inflation in the midst of economic stagnation is the norm.

As we run out of oil, many people believe that its price will skyrocket. But I think the opposite will happen. Oil prices will plummet … yet oil will grow increasingly unaffordable.

For all that it purports to say, Gross Domestic Product (GDP) fails to explain anything relevant about the world.