Archive for Daniel Kuehn
Fellow Rothbardians: The Jig Is Up
I told you guys not to push it, or else our whole plan would blow up in our faces. Now seriously, who went and typed in two sentences on the Wikipedia entry for “liquidity preference,” explaining that Murray Rothbard disagrees that it is the proper way to explain interest? Who was it? It’s better if […]
Read moreResolving (Sort of) Krugman on Bond Vigilantes and Debt Default
OK so for the last month or so I’ve been asking: How can Paul Krugman have been arguing repeatedly that an attack by the “bond vigilantes” (because they’re worried about high levels of a government’s debt) be “expansionary” and hence good for an economy currently stuck in a liquidity trap, while at the same time […]
Read morePotpourri
==> The WSJ and I are pen pals. ==> Next week on Friday (September 27) I’ll be giving a talk at San Jose State on interventionism in the Austrian tradition. (I’m in California because on Saturday I’m giving the keynote address for a celebration of Mises’ birthday. I still haven’t gotten his present, gah!!) ==> […]
Read moreNews Flash: The Non-Stupid CBO Proves DeLong Was Wrong
I am traveling all week and have to keep this short and sweet. Here’s a chronicle of what happened in yet another exchange of blogfire with my favorite Keynesians: ==> Brad DeLong said, “There are no signs in the pace of technological progress, in the level of investment…[or in several other factors–RPM]…to suggest that the […]
Read morePotpourri
==> I’m getting ready for my trip to Mordor next week, so blogging is still sparse. I’m really looking forward to posting the YouTube videos of the presentations from our panelists at the IER Carbon Tax conference, especially for you professional free-market economists who read this blog. I think you’re going to be surprised by […]
Read moreOne Last Volley on the Keynesian Cross
Somebody emailed me the relevant section from Krugman/Wells on this stuff. Unfortunately it’s not a smoking gun; both sides will see what they want to see. Krugman walks through the original Keynesian logic of using the MPC to derive “the” multiplier (with math, not geometry). So someone who wants to bust him, would just look […]
Read moreThe Cross Keynesian
Steve Landsburg took on the Keynesian Cross (and its case for the government multiplier) and Daniel Kuehn is none too happy. Daniel lists all sorts of reasons that the Keynesian textbook case isn’t as simplistic as Landsburg makes out. For example, any decent Econ 101 student (according to Daniel) realizes that there should be time […]
Read moreMy Opponents OutDo Me
During my debate with MMT guru Warren Mosler last week (raw video available here), I thought I had some good zingers that I was anxious to unleash on poor Warren. For example, I had an analogy for MMT, in which a couple is worried about their finances, and the wife says she will take a […]
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