Commenter sejanus had the following suggestion:
you should start a separate blog for the political fighting and commenting; maybe move your china devaluation posts there too. this was a much better blog when limited to monetary policy.
There are a few misconceptions here. First, China devaluation posts are monetary policy posts. Second, there was never a time where all my money illusion posts were about money. Most importantly, sejanus doesn’t seem to understand that I already have two blogs, and this is the crappy one. I have warned readers on numerous occasions that my political posts are dumb, so skip them. How could a post discussing Trump not be dumb? I do them because I enjoy writing them.
Over at Econlog I am a guest. One doesn’t track mud into a guest’s house, and I’m not going to defile that excellent website with Trump bashing. I try to put my best posts over there, and indeed just did a post over there that I happen to think is my best post in the past year or so. So if it’s quality you want then stop reading this blog, and go over to Econlog.
Nonetheless, I welcome the suggestion, and will try to do more money posts. It’s just getting hard to find new things to say. Right now the US seems to have settled into a low growth/low inflation/low interest rate phase, and posts are usually easiest to write when something dramatic happens. Some commenters criticized me a month ago when I suggested that TIPS spreads may be underestimating actual inflation expectations. However recent data suggests that inflation is likely to pick up a bit over the next year or so (but maybe not next month, given the recent fall in oil prices.) The Fed is falling short, but maybe not as much as the bears believe.
HT: Tyler Cowen