Economics

Archive for Economics

Keynes vs. Hayek Round Two

Here’s the sequel… Right now there are only about 4,000 views. Will it break a million? So what do you guys think? Did Stringham have to sleep with anyone for the cameo at the end? (Inside baseball for 99% of you, sorry.)

Idiot Check on International Trade Accounts

[UPDATE in the block quote…] I have this as a footnote in a forthcoming article. Can people please confirm its accuracy, or did I get it backwards? (And note, I don’t just mean, “Is this generally right?” I mean, is this exactly right, or did I flip it?) [UPDATE: Edited due to comments. But it […]

Two Quick Notes on Tax Theory

[UPDATE: I think I misunderstood what the objective was in David R. Henderson’s post, so you can safely disregard my Note #1 I think. See the first comment by Alex Tabarrok.] NOTE #1: David R. Henderson repeated an interesting argument against progressive taxation that I had never heard, but I think it’s wrong. David stipulates […]

MMT Bask

OK I have decided that this MMT (Modern Monetary Theory) doctrine/worldview needs a thorough refuting, much more than my good friend’s quick thoughts. I have seen our frequent guest “AP Lerner” make numerous claims in the comments of this blog that seem almost self-evidently false to me. However, I can’t very well write a Mises.org […]

Readings for the Vanderbilt Debate on Gold vs Fiat Money

Last night I had the debate (more of a conversation really) with Vanderbilt econ professor Mario Crucini. I promised the crowd that I would put some readings here on my blog to back up a few of the claims I was making… ==> Here is a “big picture” article summarizing my views on the gold […]

For Those Who Are Bored

…and want to vie for a link from the Big Three clueless econ PhDs (Landsburg, Tabarrok, and Murphy). Apropos this controversy, take Krugman and DeLong‘s arguments and apply them to Krugman’s discussion in his textbook about tax incidence. (E.g. if the government puts a sales tax on selling gasoline, do the retailers or motorists actually […]

Landsburg 1, Krugman 0

[UPDATE below.] I have made my bones attacking Steve Landsburg’s arguments in the past (here, here, and here). So the present post isn’t simply, “I like free market guys and hate Paul Krugman.” I am supposed to be preparing for a debate that will occur in a few hours so I need to keep this […]