Update to the Comment Moderation Policy

Comments should be directed to the topic of the original post, and commenters should restrict themselves to civil discussion of the substance of comments. In addition, racist, misogynistic comments and use of profanity will not be permitted.

Effective immediately, failure to adhere to this policy will constitute cause for editorial action.

Per James Hamilton and Menzie Chinn

Guest Contribution: “Central Bank Digital Currency: Some Macro-Financial Implications”

Today we are pleased to present a guest contribution written by Hongyi Chen, Senior Advisor at the Hong Kong Institute for Monetary and Financial Research, and?Pierre Siklos, Professor of Economics at Wilfrid Laurier University. The views expressed here are their own and do not reflect the official opinions of Hong Kong Institute for Monetary and Financial Research or any other institutions the authors are affiliated with.


Continue reading

On the Consequences of Inflammatory Language Use on Social Media

Remember assertions that the use of the term “China Virus” in the stead of SARS-CoV-2 or Covid-19 was not only appropriate, but desirable? From Time:

Since the start of the pandemic last spring, Asian Americans have faced racist violence at a much higher rate than previous years. The NYPD reported that hate crimes motivated by anti-Asian sentiment jumped 1,900% in New York City in 2020. Stop AAPI Hate, a reporting database created at the beginning of the pandemic as a response to the increase in racial? violence, received 2,808 reports of anti-Asian discrimination between March 19 and? December 31, 2020. The violence has continued into 2021, and President Joe Biden signed an? executive order denouncing anti-Asian discrimination shortly after taking office in January. While anti-Asian violence has taken place nationwide and particularly in major cities, the uptick in attacks in 2021 has been particularly focused in the Bay Area, especially in San Francisco and Oakland’s Chinatowns.

Well, Steven Kopits, the Asian-American community of America thanks you.

See also WaPo.