Economics

Archive for Economics

The Economics of the Great Depression Online Class

…starts today! Hurry up and join.

Scott Sumner Calls My Bluff on Krugman

Look, if Sumner wants to boast that he knows more about Fed history, or more about ordering in a hibachi restaurant, or more about Swedish apartments, I won’t bat an eye. But in this post (HT2 Daniel Kuehn) he tried to make fun of Krugman…that’s my job. Look at Sumner’s swipe at Keynesians (and he […]

DeLong Plugs Chink in Krugman’s Armor on Treasury Crash

You may recall that Krugman recently argued that an attack by the “invisible bond vigilantes” (the opposite of the confidence fairy, for those keeping track) would actually be good for the US economy, because it would weaken the USD and thus boost Aggregate Demand. I pointed out the problem with in normal English here. But […]

Learn the Austrian Take on the Great Depression

Here’s the full infomercial for my class on the Great Depression that starts this Friday. We’ve got Depression-era pricing of only $59 for a 5-week course. I’m excited to teach this so bust out your credit card. An excerpt: The weekly lectures will run from November 16 through December 14. The first week will provide […]

Potpourri

==> Silas Barta wants to keep Steve Landsburg honest on disaster economics. (Incidentally Bryan Caplan recently asked his readers to see if they ever find themselves objecting to unfair arguments used against “the other side,” and say what you will about Silas and me, but we often do just that. However, in both cases that […]

No Dr. Krugman, a Treasury Crash Would Be Bad for the US Economy

This is my article today at The American Conservative. Let me just quote what Krugman is saying, to entice you to read my response. There’s a bit of a plot twist in the article, so I don’t want to spoil the fun by quoting it here. Anyway here’s Krugman: [Krugman writing:] We know what a […]

Carbon “Tax Swap” Deals: A Review and Critique

In case you’re wondering what I mean when I talk about my “day job” stuff, here’s a good example: Today IER is releasing my new study [.pdf] with the above title. Here are excerpts from the Executive Summary: ========================= A growing number of academics and policymakers have recommended a revenue-neutral carbon “tax swap” deal, under […]