Archive for Scott Sumner
For Krugman, the Size of a Deficit Depends on the Point He’s Trying to Make
This is barely worth blogging about, since I know exactly what Krugman’s apologists will say, but what the heck? I love it when Landsburg criticizes Krugman, so this post is for his psychic enjoyment… In a March 28 post, Krugman wrote: “Back in the Reagan years two unprecedented things began happening to the US economy. [...]
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==> Jack Hunter argues that even though he’s in favor of gay marriage personally (thinking it should be decided legally at the state level), he strongly objects to the rhetoric of saying it is akin to the Civil Rights movement for blacks. I still think Gene Callahan has the best observation on this whole issue [...]
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==> Some of you may have heard of the ethanol “blend wall.” In brief, the US government is literally requiring gasoline refiners to do contradictory things: One regulation insists they make the gas content higher than 10 percent ethanol, while another regulation forbids them from doing so. My colleague Mary Hutzler was the lead author [...]
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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 moreFriday Night Magnanimity
I just posted this comment over at The Money Illusion: Scott, I don’t hope to convince you on this point, but for any innocent reader: I want to say for the record that Paul Krugman–my nemesis–has, since the late 1990s, consistently said that what Japan needs to do, to escape from the zero-bound liquidity trap, [...]
Read moreScary Scott Sumner Statements
At this point I think my analysis is superfluous. I just need to quote this guy. If you folks don’t see what I see, I don’t know what my commentary will add. These quotes all come from the same post: ==> “So it’s print money now or print money later. If you really, really don’t [...]
Read moreWhile I Was Bogged Down With Keynesians, Sumner Solidifies His Power Grab
Oh man, have you kids been checking in with Scott Sumner lately? ==> Famous monetary economist Frederic Mishkin has now been seduced by the Dark Side. ==> Sumner thinks the trillion dollar coin is bad for the Democrats politically, but if Obama “ignores my advice and mints the coin anyway, I’ll strongly support the move [...]
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