Author Archive
Does Tyler Cowen Really Not Endorse ABCT, Or Is He Just Yanking My Thread?
In a previous post, I explained that Tyler Cowen unwittingly proved the predictive power of Austrian business cycle theory (ABCT) several years ago, in a post titled (a la OJ Simpson) “If I believed in Austrian business cycle theory…” But oops Tyler did it again in his recent New York Times article. Seriously, there are […]
Read moreMcCain Picks a Woman VP!!
Wow, this presidential season is just showing how awful I would be as a campaign manager. Back in January I thought it was a foregone conclusion that Hillary Clinton would not only be the Democratic nominee, but the next president. And three months ago I was sure Obama was going to clean McCain’s clock,* but […]
Read moreIf Obama Wins, Can You Ask for a Raise?
Von Pepe (not his real title) emailed me and declared: “But, I am thinking that [redistributive] tax policy has CAUSED more income inequality. The highly productive have such high taxes that they demand much higher wages (which later gets redistributed). So, as taxes go higher the wealthy’s wages go much higher.” He then went on […]
Read moreIs Offshore Drilling a Realistic Solution?
Like playing with a canker sore, I can’t help checking out the Env-Econ blog. In a recent post, John “I’m funny enough to compensate for my tree-hugging views” Whitehead was urging his readers to go vote against offshore drilling in a poll hosted here. Now if you click that link and check out the context, […]
Read moreWhy Keynesian Macroeconomics Screws Up Financial Reporting
Sorry for the delay, folks; my power lunch ran longer than expected, and so this post is coming a few hours later than I had intended. I hope it will be worth the wait. One final caveat: This post will be a bit longer and more academic than most, but I really want to get […]
Read moreRecession Episode III: The Revenge of Keynes
I have to run to a power lunch* but when I return, I promise to explain why these financial press discussions of recession are absurd. Reading these conventional analyses, you would think that if the dollar just kept falling, and consumers ran up their credit cards to buy DVDs and steak dinners, then we would […]
Read moreSix More Join the Gang
Oh great, the Gang of Ten is now the Gang of Sixteen. These terms are thrown around as if they’re funny, when the serious truth is that the entire Congress is a Gang of 535. (Fine fine, Ron Paul fanatics, the Gang of 534.) If you want to see a point-by-point critique of the original […]
Read more"Presumptive": One Down, One to Go
At this point, the press can stop referring to Obama as the “presumptive nominee,” right? It would be interesting to do a graph of how often the word “presumptive” was used in news stories during 2008. I’m guessing there was a bit of a spike in the last few months…
Read more
Recent Comments