Economics

Archive for Economics

Forgive Him, Mises, For Gonzo Knows Not What He Writes

A lot of people are flipping out over Gonzalo Lira’s latest tirade. His object this time is not the banksters, the government, or Paul Krugman. No, his target is the Austrian School of economics, and specifically its predilection for mathematical prediction, GDP maximization, and tax increases. (Yes.) When I was reading Lira’s piece, at first […]

Soak-the-Rich Is Bad Policy

I have a Mises Daily today about Sunday’s 60 Minutes segment on hiking taxes, especially on the rich. Don’t tell anyone, but I actually used a bunch of empirical arguments! (This is permitted once every 7 years on Mises.org.) An excerpt: The only true solution to the federal and state fiscal crises is to cut […]

Krugman’s Rattled

That is my only explanation. Krugman is jet lagged from his trip, opens his inbox and finds 128 emails from people telling him to check out a website on which almost $24,000 (as of this writing) has been pledged. Doubt me? Look at this: A thought: it has occurred to me that we could use […]

A Note on Strategy: Or, Let’s Not Fumble The Ball, Kids

As some big-ticket pledges roll in, I should stress something: The reason I so unabashedly praised Mr. Krolman’s donation, is that an independent person whom I trust contacted me and said he knew Krolman, and that it was a serious pledge. So of course, if you really want to put up $5k etc., then obviously […]

Scott Sumner’s Credibility, R.I.P.

The very first sentence of Sumner’s latest post: “If I wrote a macro textbook, I would try to avoid any mention of interest rates or inflation.” By all means, click on the link to see the context. But not even Scott can salvage a blog post that opens with such a declaration.

Spotlight on Jacob Lovell: The Murphy-Krugman Campaign Breaks $5,000

Somebody send that boy a toaster! A mere 37 or so hours after launching, the campaign to get Krugman to debate me on business cycle theory has now raised $5,000 in pledges. For those of you who thought it was a funny idea but didn’t want to take 6 minutes to pledge money that you […]

Latest Update on Murphy-Krugman Debate Campaign

Holy cow everybody, this is really taking off! I was out of commission for a few hours picking up my son, getting my car inspected, etc. (Cute anecdote: I told my son we had to get the car [emissions] inspected because of the government, and he told me he didn’t know what the government was. […]

Pledge Your Support for the Murphy-Krugman Debate!

Last week I saw the Facebook movie and got all fired up. On the car ride home this idea occurred to me. Now I just wait for Sean Parker to see this video and I’m golden. To see the specifics of the campaign (and to donate), click this icon: To see some of Murphy’s critiques […]