Economics

Archive for Economics

Is Krugman Just Lying Now?

I read Krugman’s latest NYT op ed in amazement. It seems this notion that “it’s a myth Obama is trying to expand government” is catching on. Look at this excerpt: Here’s the narrative you hear everywhere: President Obama has presided over a huge expansion of government, but unemployment has remained high. And this proves that […]

I Have Never Felt So Irrelevant

The dystopian von Pepe sends me Karl Smith’s taxonomy of various explanations of the business cycle, which I’ve seen people linking but I hadn’t actually read. The following excerpt took the wind out of my sails: Recalculation There are some people, I am thinking Arnold Kling here, who believe in what I might call a […]

Volokh Conspiracy Throws Brad DeLong Into the Briar Patch

Ah, yet another missed opportunity in the geeconosphere. Today during my lunch and dinner breaks–I drove to Auburn for the Supporters Summit starting tomorrow–I read a string of blog posts initiated by a link from Arnold Kling. At first I was very excited. Continuing his war of choice against Todd Henderson–a U of C law […]

Cartoon About the Mises Academy

Jeff Tucker created this…just by typing!

Salon’s Misguided Attack on Libertarianism

Wow, this guy Alex Pareene really despises libertarians. Pareene jumped on the case of the fire department letting the house burn down, as an example of Hayekian thought–he even plastered a picture of dear Friedrich at the top of his post. David R. Henderson does a good job over at EconLog pointing out the absurdity […]

Firefighters Watch House Burn Down

Oh man, the progressives are really going nuts about this one. Apparently there is a fire department that watched a rural Tennessee house burn down, because the residents hadn’t paid the $75 annual subscription fee. (HT2 Krugman) Here is ThinkProgress’s initial reaction, and then see them cast National Review bloggers into hell. This is a […]

Murphy Twin Spin

(We also would have accepted, “Murphy Double Play.”) Sometimes life can get you down. Your kids are misbehaving, your car breaks down, you throw your back out, you root for the Buffalo Bills…. But then, every once in a while, a Monday rolls along featuring new Murphy articles in two different venues. And somehow, you […]

The Second Sign of Insanity: I Agree With DeLong on Money Demand

Uh oh, I think you guys may need to organize an intervention. First I say that a general overproduction is possible. Now, even more alarming, I was reading DeLong (from a Krugman link), waiting to pounce, and found myself saying, “Yes, yes, I like what you’ve done here…” (That’s a Mike Myers quote from Wayne’s […]