David Glasner is now blogging

I am very pleased to see that David Glasner has a new blog, entitled Uneasy Money, aka the Hawtreyblog.

David and I are about the same age and share many common interests, including the role of gold hoarding in the Great Depression, index futures targeting, and the underappreciated work of Earl Thompson and Ralph Hawtrey.  He starts out with all guns firing.

BTW, you might recall that a few months back Paul Krugman wrote a post praising some of David’s empirical work on the time-varying correlation between inflation expectations and stock prices.



14 Responses to “David Glasner is now blogging”

  1. Gravatar of Gregor Bush Gregor Bush
    5. July 2011 at 10:00

    I’m really surprised that the high correlation between TIPS spreads and stock prices (or, for that matter the strong negative correlation between the USD and stock prices) hasn’t been mentioned by the doves at the Fed.

    If you plot the correlation over time, it looks alot like the inverse of the output gap. Fed economists should love that stuff.

  2. Gravatar of Wimivo Wimivo
    5. July 2011 at 10:31

    Oh man, he needs to change that background asap.

  3. Gravatar of spencer spencer
    5. July 2011 at 11:36

    Where is the link?

  4. Gravatar of Patrick R. Sullivan Patrick R. Sullivan
    5. July 2011 at 13:22

    ‘Unfortunately, since the downturn of December 2007, monetary policy, except possibly during QE1 and QE2, has consistently erred on the side of uneasiness.’

    Interesting choice of word, that last.

  5. Gravatar of Scott Sumner Scott Sumner
    5. July 2011 at 13:46

    Gregor, Yes, I thought that was a striking graph.

    Wimivo, Yes, perhaps a few too many pictures of Ralph.

    Spencer, Click on Uneasy Money.

    Patrick, I noticed the same thing. It would be interesting to know if he sees a distinction between uneasy money and tight money.

  6. Gravatar of david glasner david glasner
    5. July 2011 at 17:32

    Wimivo, I actually thought it was kind of cool, but what do I know? This is more in the way of a test drive, and your views will receive due consideration as the blog, I hope, evolves.

    Patrick, see my “about” page in which I explain “sort of” my choice of the phrase “uneasy money” as a title for the blog.

    Scott, I will add your views about the background with all the weight that they deserve. In the context in which I used “uneasiness” I don’t think that I saw a significant difference. I was just getting carried away with my word play. And, once again, I want to thank you for saying such nice things about me and my new blog. You know, you are my hero.

  7. Gravatar of Wimivo Wimivo
    6. July 2011 at 07:34

    Don’t get me wrong David, content will ultimately win out and I suspect you will have no problem providing it. But the tiled background just makes the page look like it’s straight out of 1998 or something, which may turn some people away. I’d stick Mr. Hawtrey’s photo once near the top of the page instead.

  8. Gravatar of david glasner david glasner
    6. July 2011 at 09:33

    Wimivo, No, I appreciate your comment. We (my daughters, my wife and I) were going back and forth about whether to use Hawtrey’s picture as a background or just to have one picture in the corner. So I understand what you’re saying, except that 1998 sounds pretty up to date to me. Ooops, wrong century.

  9. Gravatar of ssumner ssumner
    6. July 2011 at 11:13

    David, I sort of thought you might be using the term because it sounds more cool. I had a hard time coming up with a blog title, but eventually settled on Moneyillusion. When I found out that title cost $1800, I switched to Themoneyillusion, which cost $10.

    Wimivo. Or he could color each Hawtrey picture differently, Andy Warhol-style. 🙂

  10. Gravatar of david glasner david glasner
    6. July 2011 at 14:50

    Scott, For sure it’s more cool (there’s a P.G Wodehouse novel with that title and I’m sorry to admit that I thought of the name without ever having heard of the book). But I have no substantive difference inmind when I use one term or the other.

  11. Gravatar of Scott Sumner Scott Sumner
    7. July 2011 at 08:33

    David, Matt Yglesias gave you the exact same advice he gave me–shorter posts.

  12. Gravatar of david glasner david glasner
    7. July 2011 at 09:11

    Scott, and I told him that you have written some pretty long posts, and look where it’s gotten you.

  13. Gravatar of ssumner ssumner
    7. July 2011 at 09:19

    David, Good point. The good news is that he likes your writing style, which I also find very engaging.

  14. Gravatar of David Glasner on Inflation and Recovery: ‘We are in an expectational trap – Global Economic Watch – Global Economic Crisis: Cengage Resource Center David Glasner on Inflation and Recovery: 'We are in an expectational trap - Global Economic Watch - Global Economic Crisis: Cengage Resource Center
    27. February 2012 at 06:14

    […] Uneasy Money, Federal Trade Commission economist David Glasner takes a look at the potential impact of inflation on relative prices and household spending.  […]

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