- Intraday Timing of General Collateral Repo Markets (Liberty Street Economics): Specifics, Specifics, Specifics! Love the human details this layers on to a niche-ier technical market mechanism.
- Three Things I Think I Think – Learning From Bad Inflation Takes (pragcap): Good points about the need for MMT crowd to acknowledge that demand side is probably at least part of the composition of inflation; QE simply shifts composition of money-like assets in real economy, not quantity; and the measures that monetary policy attempts to impact are mainly determined by fundamentals at the primary level, with the fed’s secondary market operations having only marginal effects.
- Linus and Lucy: with the Jerry Granelli Trio (youtube): Jerry Granelli was drummer of the Vince Guaraldi Trio and recently died. “People heard the heart in it. Honestly, I turned left creatively with my career after that and never thought about it for a while; jazz musicians are sometimes not as open as they may seem when it comes to people having hits or things crossing over—everybody gets all uppity. But then I matured enough to realize that it went way beyond music. It was the first entry point to jazz for a lot of people. And now that I’ve got my credentials as an artist, I’m proud and delighted to be a part of it.”
July 22, 2021 Thursday links
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