==> Joe Salerno replies to George Selgin regarding Krugman’s challenge to the Austrians on MMMF. I actually think both Joe and George are wrong: They both use the phrase “could care less” when, in context, it is clear that they meant “couldn’t care less.” (Joe uses it in the post, George in his second reply, which I can’t seem to link to specifically.)
==> Oh, if you wanted a serious comment, all I have to say on this stuff is my treatment in the Liberty Fund paper linked here. If you go to the section on maturity mismatching, I summarize the Austrian arguments on both sides of the issue, without taking a stand on on it myself because I’m really not sure about it. (I am definitely in the 100%-reserve camp, but I’m not sure yet if that translates into an objection to maturity mismatching in general. So that’s where I personally am, which is not a comfortable position.) For sure, Joe (Salerno) is definitely right that Krugman (and DeLong!!) aren’t genuinely curious about the Austrian position on this. They aren’t asking in the way I might say, “What do physicists think about multiple universes?” No, they are asking in the way I might say, “Was DeLong born being this unfair to his opponents, or did it take years of practice? I really want to know.”
==> He obviously doesn’t come out against fractional reserve banking, but Larry White has a surprisingly forceful call to End the Fed in this Mercatus video.
==> Earlier this month the Freeman ran my tribute to the 50th anniversary of Rothbard’s Man Economy and State. However, you may want to read the “reprint” that Mises.org did, because they put in an image of Figure 41 that I spent several paragraphs discussing (it’s hard to see what I’m talking about without the diagram in front of you). Also, Joe (Salerno) gave some additional commentary on my article, so read that to get a better picture of what Rothbard thought he was doing. (I never got to meet Rothbard even once, so obviously Joe and others need to tell us little nuances like this before the “history” is written down…)
==> Krugman has clarified and dug himself deeper in an op ed on the iPhone 5 thing. Now I am quite sure that he has things bass ackwards.