Economics

Archive for Economics

Obama Administration Putting Capital Controls Into Place

This is old news on the blogosphere, but I have been really busy with the online class and other things. For those of you who missed it, it looks like the clever cats running our government are looking a few moves ahead. They know that when they really drop the hammer, people are going to […]

Krugman vs. Austrians

Paul Krugman is a clever fellow. Sensing that I am swamped with other work commitments, he launches an attack on Austrian business cycle theory today on his blog: My view is that the fatal flaw in Austrian economics is that it can’t explain unemployment — or, worse, that it thinks that it can explain unemployment, […]

“How Bernanke Is Using the Printing Press to Win Friends and Influence People”

That’s the title of my talk at this Saturday’s Mises Circle in Phoenix. (I think they still have room if you are in the area.) CNBC has a very timely story today on this topic: After two years of secrecy, the Federal Reserve Bank of New York is disclosing key details about billions of dollars […]

Have You Signed Up Yet for My Online Business Cycle Class?

Over at Mises Daily we have another infomercial for the online class on Austrian business cycle that I’m teaching. It starts a week from today, i.e. Monday, April 12. Check out this cool screen shot: At first I was wondering how the software etc. would work–keep in mind I had my Blackberry for at least […]

Must…Defend…Krugman…

…though it pains me. But c’mon guys, we don’t need to put words into Krugman’s mouth like this: Krugman was NOT admitting there would be death panels. We can say he’s a naive fool for thinking we’ll limit the “advisory panels” (that can make binding decisions) to truly eradicating only ineffective treatments–and let’s leave aside […]

McArdle Plays Ezra Klein’s Game on Health Legislation–and Probably Wins

In the past I was rather harsh with Megan McArdle, I think for two reasons: (1) People brought her to my attention when she would discuss Austrian business cycle theory, which is a very sensitive subject with me, and (2) The only other time I heard about McArdle’s posts, was from a gushing Tyler Cowen […]

Mercatus Scholar Refuses to Share Data!

Mercatus Center Scholar and National Review writer Veronique de Rugy was confronted today with a scathing critique of her regression analysis [.pdf] that putatively showed Obama stimulus money went disproportionately to Democratic districts. The problem is that de Rugy didn’t include a dummy variable for whether the district in question were a state capital. The […]

“This is about helping sick people!”

Or is it? Note that the clips below aren’t from unemployed pot-smoking hippies leaving comments at a progressive blog. These are some of the most powerful people in the government.