Economics

Archive for Economics

CFR vs. IER on Cap-and-Trade

Incidentally, I didn’t make a big announcement at the time, but I am no longer working for the Institute for Energy Research (IER). I am shifting my consulting business to focus on online teaching and projects with Carlos Lara. IER put out a study written by Chamberlain Economics (CE) arguing that Kerry-Lieberman would act as […]

Betting on Deflation

Krugman has been on the warpath the last few days, confirming my suspicion that my email is tapped. I had just told Jeff Tucker that I was done writing Mises Daily submissions for a while (I still have a bunch in the queue), and then BAM Krugman starts writing about Hayek. Anyway in this post […]

Scott Sumner Writes My Hatchet Job For Me

Prodded by an exchange (which I can’t find right now…) in the comments with Silas Barta, I sent the following email to Scott Sumner: Hi Scott, I am thinking of doing a Mises Daily article explaining what would actually happen if you were made Fed chairman. Obviously I don’t think we would get out of […]

More Confirmation That Firing Frum Was the Right Thing to Do

I was reading Scott Sumner’s blog when I came across this quotation from David Frum: The Obama administration is fretting over what to do next. More aid to states? Some kind of second stimulus? Or just hang on and hope for the best? My own Republican Party is equally perplexed. It opposes more government spending. […]

Laffer on Why This Is the Calm Before the Storm

I have actually been surprised by how well the economy has held up so far. Obviously the economy is in terrible shape, by just about anyone’s reckoning, but if this is really going to be the Second Great Depression (as I’ve been saying for more than a year), it doesn’t seem too bad yet, does […]

Dean Baker vs. Murphy, Rematch

In our NPR radio debate (last Easter), Dean Baker held his own. I still think his Keynesian nostrums were wrong, of course, but I admit I didn’t deliver a knockout punch. Things don’t look so good for Dean when we grapple in print. In my ledger, my record is 1-0-1 against Mr. Baker. An excerpt: […]

More Sniping at Sumner (and Cochrane)

[UPDATE below.] As longtime readers know, I initially loved Scott Sumner but then came to regret my early praise. Yes, he is the smart, consistent, logical, and funny blogger that I identified early on. But unfortunately, he uses his gifts to promote the idea that Bernanke just needs to start writing more checks, and everything […]

Krugman and the 1930s: One Step Forward, One Step Back

In his recent NYT op ed Krugman reaches a new low in his distortion of the 1930s: We are now, I fear, in the early stages of a third depression. It will probably look more like the Long Depression than the much more severe Great Depression. But the cost — to the world economy and, […]