Archive for David R. Henderson
Two Views (?) On Using Bets to Test Economic Theories
Back in December, when Brad DeLong said I needed to study at the feet of Krugman because I lost an inflation bet to David R. Henderson, and then Bryan Caplan objected to the tone of the statements, Daniel Kuehn wrote: I thought the whole point of betting on predictions was to weed out BS and [...]
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==> Whether North Korean officials actually said this, or whether it is US propaganda to get Americans mad, either way it’s hilarious: They allegedly called the US mainland a “boiled pumpkin.” Who can drop bombs after such a funny insult? ==> Robert Higgs looks around at today’s libertarians, and he’s none too impressed. His op [...]
Read moreA Note on Intellectual Honesty
[UPDATE: In hindsight, I wish I hadn't cast this post as explicitly about "intellectual honesty," because I don't like it when DeLong, Krugman, et al. castigate their opponents as not being simply wrong, but being dishonest to boot. So, in retrospect I wish I had written this differently, to just explain why their use of [...]
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==> An excerpt from Guido Hulsmann’s introduction to (what we know as) The Theory of Money & Credit. Incidentally, I wrote a Study Guide for this book, and believe me, it’s not as intimidating as it first appears. If you have always wanted to be the type of person to read it, but thought you [...]
Read moreGreat Posts on the Minimum Wage
It’s reassuring to see that if I ever decided to retire to the Caribbean permanently, my US-based free-market colleagues would carry forward the torch of liberty. Here are some great posts on the minimum wage: ==> Steve Landsburg ==> Bryan Caplan ==> Scott Sumner (though it’s on ObamaCare technically, but could be applied to minimum [...]
Read moreMemories of Armen Alchian
Arman Alchien is one of those economists–like Wicksteed–that I would read a lot more of, if I were on a deserted island. (That’s a compliment to them, and a criticism of myself.) He recently died, as most of you know, and so a lot of people who knew him were giving their appreciations. One of [...]
Read moreOthers on the Minimum Wage
==> David R. Henderson writes a neat summary and critique of the Card & Krueger work. (Daniel Kuehn doesn’t get it.) In the comments, Bill Woolsey leaves a fantastic summary of the various issues. ==> Don Boudreaux says that if we can raise employment costs by 24% with no dire effect on employment, would it [...]
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==> Murray Sabrin has been our man in Cuba. Here’s an article in a series of posts on his visit. ==> Jerry O’Driscoll doesn’t heart Bernanke. ==> John Papola also caught something that I noticed about the Stiglitz/Krugman exchange (on inequality): Stiglitz quite explicitly said that low consumption spending was the reason for our recession, [...]
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