2011 February

Archive for February, 2011

Murphy Defends Tyler Cowen (Sort of)

[UPDATE below.] Actually that is my cheap attempt to get your attention. Since Tyler apparently contradicted himself (which we all know is always apparent but impossible to prove) on this point, you could argue that I am attacking him. Anyway, a bunch of people have been jumping on Tyler for the hypothesis in his new […]

Calling Sumner’s Bluff on Stock Prices and Inflation Expectations

Yesterday I put up a lengthy post arguing that Scott Sumner and Paul Krugman were inexplicably claiming vindication from data that, if anything, I would have thought they would prefer to sweep under the rug. Specifically, since 2008 the stock market’s movements have been much more strongly correlated with the spread between nominal and TIPS […]

Are Sumner and Krugman Incorrectly Claiming Victory?

A friend who is a very sharp economist mentioned to me that when he reads my critiques of Sumner, it is very challenging to discern my argument. So if he was having trouble following my posts, I pity the fool with a normal IQ. So for this post, I will start out at Square One. […]

Potpourri

Once again my Firefox browser is beginning to look like a ruler, so it’s time to clean house by blogging some of the many things I’ve noted over the past week or two… * Lew Rockwell proves that he’s not always doom-and-gloom, by giving an optimistic interpretation to the events in Egypt. * Jeff Tucker […]

Do I Unfairly Pick on the Government?

Someone sent me the below email (reprinted with permission): I am in the middle of chapter 3 Lessons for the Young Economist. So far I think it is a fantastic piece of work. The arguments are presented in a clear, unassailable manner that promotes true insight and understanding. I love the way it boils down […]

It’s Official! Next Week Murphy Will Debate…

…Jerry Dwyer, an economist with the Atlanta Fed. I am going to be one-half of the lunchtime presentation at the Risk and Insurance Management Society (RIMS) meeting in Atlanta on Thursday February 10th. They have graciously made an option for people who just want to go to the lunch and watch the debate. Be careful […]