Archive for October, 2011
Paul Samuelson Correspondence Regarding My Papers on Capital & Interest Theory
UPDATE: To be clear, I think Samuelson was an amazing character; that’s what I meant below when I say, “They don’t make ’em like this anymore.” Since he died, there’s really nobody left who can criticize Bohm-Bawerk the way he did. Sure it’s fine to debate Krugman, but Krugman doesn’t know Austrian capital & interest […]
Read moreFacts and Other Stubborn Things, Fiscal Edition
Daniel Kuehn is frustrated with guys like me: I’ve commented on this rhetoric of stimulus in the past. What really baffles me is that we haven’t seen any fiscal stimulus since 2009 (and that was underwhelming)… at what point do Bob and others start saying things like “for the last two years we’ve tried a […]
Read moreInflationists in Wolves’ Clothing
I continue my one-man campaign against the disastrous impact of the quasi-monetarists (aka market monetarists) on the punditry. It took Scott Sumner three years to become the new normal; it will just take a collapse of the currency for my own take. An excerpt: Even though their conclusion strikes me as absurd, these quasi monetarists […]
Read moreCNBC Economist Accidentally Endorses Laissez-Faire
At CNBC’s website there is a headline saying, “Is US Economy Flirting With ‘Modern-Day Depression’?” Then the blurb says: A depression occurs “only once it becomes painfully obvious that the markets and economy are failing to respond to repeated bouts of policy stimulus,” one economist said. So the way to be absolutely sure you’ll avoid […]
Read moreJon Stewart Crushes Mitt Romney
I am really going to laugh if the Republicans end up nominating this guy. I can’t wait to hear Sean Hannity explain why RomneyCare in Massachusetts is a bold experiment in federalism, whereas ObamaCare in the USA is crazy socialism. The Daily Show with Jon StewartGet More: Daily Show Full Episodes,Political Humor & Satire Blog,The […]
Read moreStarting From Scratch With the Quasi-Monetarists
Scott Sumner popped in to leave a comment on my earlier post. To refresh your memory, I was complaining that Scott (and his quasi-monetarist peers) is so sure that tight monetary policy is to blame for our economic woes, that he’s neglecting the host of other massive interventions into the market economy that have occurred […]
Read moreMichael Savage Agrees With Ron Paul on Awlaki Killing
I am pleasantly surprised by this. Michael Savage is a very interesting character; he’s the only (major) talk show host I can stomach anymore. Not that I agree with him on everything, mind you, but that’s what makes this clip so pleasantly surprising. If you don’t know him, Savage is actually pretty big on the […]
Read moreScott Sumner Caricatures Himself
I’m not sure why I’ve been on the warpath against Scott Sumner lately. Maybe it’s because he was on hiatus for a lot of the summer, so my angst built up. Maybe it’s because I didn’t get accepted into the Chicago doctoral program and he did. Who knows. Anyway, in a recent post Scott continues […]
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