Archive for Federal Reserve
Reminder About Mises Academy Class
Remember kids, my class on Mises’ first major work starts tomorrow; infomercial is here. As I said on Facebook: If you don’t have the money for it, put it on credit. I don’t think we will have the time to talk too much about clearinghouses, but Mises does do a great job explaining that in [...]
Read moreKrugman and Kuehn Take Me to the Woodshed on the 1920-1921 Depression
I have all sorts of sarcastic wise-alecky things I could say, but let me just play the straight man on this one. On Sunday Krugman had a quick post titled “Harding” in which he alluded to unnamed gnats who kept repeating that the 1920-1921 experience showed the success of austerity policies. Krugman at that time [...]
Read moreLearn the Views of Mises on Money and Banking!
Admit it: You’ve had that copy of The Theory of Money & Credit on your shelf since October 2008. When TARP went through, you thought the end was near, and you needed to go back to the ancient texts to get guidance through the storm. But then Mises started talking about “credit money” and you [...]
Read morePotpourri
* Bob Wenzel has some concerns about gold confiscation, if the feds get serious. In short: It’s hard to hide a bunch of metal, since there are detectors built specifically for that purpose. * Russ Roberts interviews Nassim Taleb. I will always like Taleb, because he answered my emails back in the day and even [...]
Read morePotpourri
I’m still buried with “day job” work, but at this point I have so many tabs on my Firefox browser that it’s slowing me down. So this post is an investment in my future productivity, see. * Glenn Greenwald once again delivers a very fair assessment of the political culture. It’s really impressive that GG [...]
Read moreAustrian Business Cycle Theory: Malinvestment, Not Overinvestment
Apropos of the recent flurry–the Austrians are apparently the Charlie Sheen of the blogosphere right now–here is an interesting quotation from Mises: The erroneous belief that the essential feature of the boom is overinvestment and not malinvestment is due to the habit of judging conditions merely according to what is perceptible and tangible. The observer [...]
Read moreHeads Krugman Wins, Tails Hard Money Loses
I really am swamped with my “day job” for the next month or so, meaning blogging will be sparse. But at this point, I think someone needs to write Portrait of the Artist as a Keynesian Man. In this post, Krugman shows just how many degrees of freedom he has to work with: Some readers [...]
Read moreThe Financial Entangling Alliances Thicken
From CNBC: The world’s major central banks unleashed coordinated action Wednesday to ease the increasing strains on the global financial system, a move that sent stock markets up sharply. The European Central Bank, U.S. Federal Reserve [cnbc explains] , the Bank of England and the central banks of Canada, Japan, and Switzerland are all taking [...]
Read more
Recent Comments