Economics

Archive for Economics

Scott Sumner, Vindicated

This is the closest I’ll come to an “I told you so” victory lap. (In the future I may refer to the warnings people in my camp have been issuing, especially if people claim I’m making it up, but I will try not to be snarky about it.) Here’s Scott 9 days ago, talking about […]

I Will Fear No Evil

Yea, though I walk through the valley of the shadow of death, I will fear no evil; For You are with me; Your rod and Your staff, they comfort me. — Psalm 23:4 I’ve been reading a lot of Scott Alexander’s blog lately. It’s really refreshing, because instead of doing quick bursts of wit/snark/expertise (like […]

Responding to David Beckworth on the Canadian “Expansionary Austerity” of the 1990s

David Beckworth wrote up a nice response to my previous Mises CA post on the Canadian fiscal turnaround of the 1990s. At this point, I just have two main replies: (#1) ==> The whole point of my previous Mises CA post was to show that what David had earlier referred to as an expansion in […]

Beckworth + Murphy = Total Consciousness

David Beckworth wrote a response to me (and David R. Henderson) on the Canadian budget turnaround in the 1990s. In this Mises CA post I summarize the debate and then reconcile Beckworth’s position and mine. The apparent contradiction was that (a) I had shown stagnant growth in the Bank of Canada’s assets in the period […]

Economics of the Stateless Society

Some new material in this one, even for you veterans of Mises U videos…

Economists Are Odd Fellows

[UPDATE: I added the Paul Romer one, and clarified Landsburg’s position.] I hope all of you take this in the proper spirit. Especially if you follow me on Facebook, you know that every once in a while I like to step back and point out the big picture. To be clear, I fully understand what’s […]

Is This a Good Way to Help the Downtrodden?

My latest article at FEE poses some hypotheticals: Or consider families who adopt children from war-torn regions. These actions, though seemingly noble, are clearly a drop in the bucket, with hundreds of thousands of orphans left behind. What if the government passed a law saying that US families were only allowed to adopt foreign children […]

Krugman on 2013, Compared to 1937

This is a long post, but you need to get a cup of coffee and read it slowly. In particular, if we accept Krugman’s excuses for his botched 2013 calls, then he loses the Keynesian story about 1937.