Archive for David R. Henderson
Others on the Minimum Wage
==> David R. Henderson writes a neat summary and critique of the Card & Krueger work. (Daniel Kuehn doesn’t get it.) In the comments, Bill Woolsey leaves a fantastic summary of the various issues. ==> Don Boudreaux says that if we can raise employment costs by 24% with no dire effect on employment, would it […]
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==> Murray Sabrin has been our man in Cuba. Here’s an article in a series of posts on his visit. ==> Jerry O’Driscoll doesn’t heart Bernanke. ==> John Papola also caught something that I noticed about the Stiglitz/Krugman exchange (on inequality): Stiglitz quite explicitly said that low consumption spending was the reason for our recession, […]
Read moreWas Bernanke Able to Create More Money?
Since I usually agree with David R. Henderson, I like to highlight times when I think he is either wrong or (at least) paints a misleading picture for his readers. In this post David was reviewing Alan Blinder’s new book, and wrote (quoting himself from his WSJ review): So once the financial crisis happened, what […]
Read moreAdapting to Climate Change
David R. Henderson recently wondered what’s so special about current global temperatures, such that moderate warming will allegedly prove so damaging? After all, there have been larger swings in global temperatures in the past. In the comments, the popular answer was that humans have adapted to the current climate. Thus, if the global average temperature […]
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==> Jeffrey Karl made up this cartoon based on the numbers I calculated for the so-called fiscal cliff. ==> You can’t imagine how many people sent me this link about Krugman for Treasury Secretary. ==> Steve Landsburg disagrees with David R. Henderson’s (limited) defense of the recent budget deal.
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==> I want to call your attention to a major UPDATE I made to my response to DeLong/Krugman, inspired by Nick Rowe’s thoughts on macroeconomic disputes. ==> Justin Merrill makes some good points about Cantillon Effects. One thing I had meant to mention myself: The people objecting to the “simplistic” Austrian critiques love to say, […]
Read moreLearning From Brad DeLong and Paul Krugman
[UPDATE below.] Rather than have a long series of posts discussing the fallout from my (price) inflation bet with David R. Henderson, I decided to do one comprehensive reply to Brad DeLong and Paul Krugman. I had toyed with not even responding, but two things ruled that out: (1) This isn’t a case of two […]
Read moreKrugman-DeLong Smackdown
Oh my gosh, the Great One has jumped in as well. And perhaps he will bring in enough extra ad revenue to pay my obligation to David? This part of Krugman’s post made me literally laugh out loud, such that people in Barnes & Noble gave me the stink eye: “The fact is that while […]
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