Author Archive
The LEGO Movie Is AWESOME
From my gushing review at Mises Canada: Let me tackle the other stumbling block for free-market libertarians: The name of the villain is “President Business.” Thus, some viewers complained to me that the movie had an anti-market message. … Remember, the underlying theme of the LEGO movie is that America is turning fascist. Now what […]
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==> The Economist magazine gets on the Bitcoin bandwagon. (HT2 Tyler Cowen) ==> The haughty von Pepe sends this Cochrane post in which he (Cochrane) points out that Yellen has thrown policy rules completely out the window. ==> David R. Henderson describes his flawless victory on ObamaCare. ==> Is China going to back its currency […]
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==> Salim Furth does a good job showing something pretty screwy with one of Krugman’s favorite scatter plots. ==> David Stockman has a new blog, I just learned. ==> At first I thought Pete Boettke was wrong in this analysis, but then I realize he’s right (in terms of his particular point): Even though there […]
Read moreLet’s Be Careful With “Spreading Out” Damages
Lately at his blog, David Friedman has been doing a great job challenging the “the science is settled, we need a big carbon tax NOW” dogmatism. However, in a recent critique of an older piece by William Nordhaus (which I myself criticized at IER when it came out), Friedman makes a move that seems rather […]
Read moreMedium-Term Treasury Yields Rising Quickly
On a conference call today with some people in the financial sector I made sure everyone was aware of this: I think a lot of casual observes (i.e. not the bond traders obviously) just think about the fed funds rate, and maybe the really short maturity Treasuries. But as the chart above shows (from here), […]
Read moreMichael Goldstein on the Anarchist Roots of Bitcoin
Before any Rothbardian offers further commentary on Bitcoin, I highly encourage him or her to watch this short presentation. This is one of the things that really made me get off the fence regarding Bitcoin. (Note: I’m not saying Bitcoin will ever be the global money; it’s possible that governments keep it underground. I will […]
Read moreThe Continuing Importance of Capital Theory
My new post at Mises Canada, which on Facebook I summarize as “Friedrich Hayek >> Scott Sumner.” An excerpt: Now if Sumner’s explanation were the main thing going on, there would be two immediate implications: (1) Booms are good things. And (2) Booms should naturally slide back into normal growth as wages and prices adjust; there is no […]
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