Economics

Archive for Economics

Yes Virginia, Bernanke Is Indeed Driving the Stock Market

In a recent post where I linked to Peter Klein’s commentary on the non-taper, at least one person challenged the idea that the so-called recovery was being fueled completely by Fed inflation. Well, check out the following chart, which plots the Fed’s total assets against the S&P500 index:

Things Don’t Look Good for Those Fixated on Aggregate Demand

First let me relay Peter Klein’s take on the Fed’s non-taper announcement: The above is a good summary of the Rothbardian view on our current situation. Now, there have been some developments in just the last week or so that, in a just world, would cause severe angst in the psyches of those who have […]

Not Everyone Saw the Recession Coming

Oh man, I saw this op ed by Don Luskin linked by a recent Krugman post. (Well, it might have been from somebody Krugman linked.) I was annoyed with Krugman and the guy he was linking, but Luskin’s piece stole the show. At this point, let me just tell you that Luskin wrote this while […]

Potpourri

I’m just outside Chicago for the Illinois Libertarian Party annual extravaganza. Some “Freedom Karaoke” tonight, followed by lectures tomorrow. In the meantime: ==> Nick Rowe writes another blog post in which he calmly and methodically destroys the foundation of mainstream central banking theory. (You may recall a few months ago Nick showed in a standard […]

A Sleeper Hit

I always get email notifications that people are leaving comments on this video: I barely ever click on them, but for kicks I did, and the guy said, “I’m glad this video has so few views…I feel bad for your students Murphy” (or something like that). So I was curious and checked it, and there […]

Geometry Is Definitely Analytic in This Anecdote

I was trying to show my 8-year-old some stuff in geometry over the weekend. First I drew a generic rectangle and asked him what it was. He of course identified it as a rectangle. Then I asked him to tell me why it was a rectangle, and we began making a list that I titled, […]

Potpourri

==> The WSJ and I are pen pals. ==> Next week on Friday (September 27) I’ll be giving a talk at San Jose State on interventionism in the Austrian tradition. (I’m in California because on Saturday I’m giving the keynote address for a celebration of Mises’ birthday. I still haven’t gotten his present, gah!!) ==> […]

Economic Theory versus Economic History

In our ongoing Methodenstreit here at Free Advice, I thought the following comment from Kevin Duncan was a good springboard to amplify my position: Questions such as what has driven real wage growth among certain sectors of the economy are routinely asked within labor economics, and fairly robust empirical methods give reasonable and consistent answers. […]