Economics

Archive for Economics

Is Market Monetarism Pining for the Fjords?

Scott Sumner has a new post at EconLog saying that Keynesianism isn’t just resting (in reference to the famous Monty Python “Dead Parrot” sketch). Scott does a great job busting Mike Konczal, who earlier in 2013 had said the year would be a great test for market monetarism vs. Keynesianism. Since the Keynesian warnings about […]

Potpourri

==> I am going to be at the First Annual “Save Long Island” Forum in mid-January. If you buy your tickets in 2013, they are 50% off. I will be debating “Money Masters”‘ Bill Still Friday night, and there are lots of interesting speakers/performers. ==> Tucker talks teetotalling in a tux. ==> The NSA really […]

But the Progressives Told Us Abenomics Would Be Good for Japan

Chris S. gave me the idea for my latest post at Mises Canada, by pointing out that Japan’s Cabinet just approved another “stimulus” package to help its faltering economic recovery. Chris reminded me that earlier in the year Krugman had held up Japan’s “Abenomics” as a model for US deficit hawks to follow. As I […]

Introduction to the TPP

My cousin has been asking me if I’m up to speed on the dangers of the Trans-Pacific Partnership (TPP). I explained to him that Paul Krugman had just declared that the TPP was no big deal, so I assumed it must be awful, but no–I didn’t really know much about it. After reading some of […]

A Reader Comment on Lessons for the Young Economist

I got this from Peter S., who gave me permission to repost: Message: Hey i am Peter [S.] I am 17 and a senior in high school in Philadelphia and I just read your textbook “Lessons for the Young Economist” and I found it wonderful. I recently became interestied in Hayek, Mises and other Austrians […]

Krugman on the Bubble Economy

I really like these chats Paul Krugman has with Joe Weisenthal, because you can get his news-you-can-use take on something without all the hemming and hawing, and lack of body language, from multiple blog posts. Also, Weisenthal adds to the clarification because he will make sure Krugman gets a chance to clear up any possible […]

Some Sumner Shuffles

I often focus on Krugman Kontradictions, but here at Free Advice we have given examples of Sumner Shuffles. Now Scott is much more slippery than Krugman, so to get a true Sumner Shuffle is difficult. I’ve been checking his blog lately to see what he has to say about the Fed’s “taper” announcement–it was expansionary […]

Our Own Troll “Joe” Shows How to Pick Cherries

In my post about part-time versus full-time employment, frequent commenter and critic Joe wrote: It’s a lot of fun to play the Obamacare vs the Labor Force game. The best one is looking at private sector employment before and after Obamacare was signed into law on March 2010. Private Payroll Employment (thousands) March 1999 107938 […]