Author Archive
The Failure of Krugman’s Empirical Model
My latest at FEE. Here’s the opening: One of the running themes throughout Paul Krugman’s public commentary since 2009 is that his Keynesian model — specifically, the old IS-LM framework — has done “spectacularly well” in predicting the major trends in the economy. Krugman actually claimed at one point that he and his allies had […]
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==> Richard Ebeling is not a fan of stimulus spending. ==> A funny comic on physics envy. ==> Remember everyone, I only troll Steve Landsburg because I care. ==> I am the prosecutor putting the Fed on (mock) trial at FreedomFest this year. ==> Rob Bradley on Ken Green’s road to conversion on the carbon […]
Read moreUpcoming UN Paris Climate Meetings Open Up Gravy Train
My latest at IER. An excerpt: In this post I’ll focus specifically on the enormous wealth transfers from rich to poor countries that are being proposed in the draft—as high as annual transfers in excess of $100 billion from the United States alone, according to some of the language. To be sure, at this stage […]
Read moreHow the Bankers Arranged for a Stream of Billions in Subsidies
I have not seen too many people comment on this; here’s one guy mentioning it last August. The punchline is that amongst other favors, private bankers have managed to use the financial crisis such that they now receive a stream of billions of dollars in income from the Federal Reserve. Moreover, this amount could rise […]
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==> This Niall Ferguson hit piece on Krugman has some good zingers, but word for word I have something better coming out soon, I daresay. ==> My latest Mises CA piece on the silly outrage over Walmart selling water bottles for 88 cents. You’re thinking little water bottles, right? Nope, I mean gallons. ==> It’s […]
Read morePhysicists vs. Economists
I suggested that Noah Smith must be trolling when he argues that the public takes economists more seriously than physicists. Noah retorted in the comments: “I ain’t trollin’! People think physicists are smart, but could a physicist write a book about where to get lunch and get taken seriously?” Now I appreciate a jab at […]
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==> The bearish von Pepe sends this Zero Hedge article on the new “cash.” ==> Josie Wales reports on the flaws and foibles of the FBI crime lab. ==> I liked this Noah Smith post talking about whether everything is created by human labor. But I have to think Noah is trolling when he says […]
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