Economics

Archive for Economics

David R. Henderson, Manipulator of Crowds

David posted the below video of his talk at Middle Tennessee State University, on how economists helped end the draft. I haven’t watched this particular talk, but I’ve seen/read David on this topic before, and it’s really good stuff to help all of us think that maybe we can make a difference. However, the real […]

This Time Will Be Different

“One good question some of my readers have been asking is how the Fed’s new policy might actually boost the economy — that is, how could changes in expectations turn into a real increase in demand? … [W]e actually can hope that the Fed’s new policy will boost housing as well as operating through other […]

I’m Being Serious: Why Was It Scott Sumner Day?

I’m not going to put in my trademark snarky comments in this post, because I’m being quite serious: I am reading some commentary, preparing to write an article on Monday talking about the Fed’s announcement. I had planned on launching a full-scale critique of Scott Sumner, who is being credited with inspiring this new move […]

Remarks From Economics Bloggers That I Find Hilarious

==> “The day Garett [Jones] first visited GMU, I went home to my wife and told her, ‘I just met my new best friend.’” — Bryan Caplan ==> “[I]t’s Scott Sumner Day.” — Tyler Cowen ==> “Fed lowers its 2014 unemployment estimates by 0.3% or 0.4%.” — Scott Sumner, explaining why the Efficient Market Hypothesis […]

An Open Blog Post to Garett Jones

Hi Dr. Jones, I look forward to your posts on EconLog. I see right out of the chute you’re having a tussle with Scott Sumner. I’ve been watching him for years, in much the same way that the FBI tracks Sicilians. Let me give you a tip regarding your recent exchange. You wrote at EconLog: […]

Lying Politicians Outsourcing

OK kids, I want to make the point in a forthcoming paper that we should be wary of “revenue neutral tax reform,” and cite what happened with the federal income tax after it was introduced in 1913. At first the rates were really low, mostly on the rich. But by 1918 the rates had skyrocketed […]

But Wouldn’t Warlords Take Over?

I stumbled across this on YouTube. Walter Block says that this essay was one of the best intros to free-market anarchism he’s read (or something like that). And hey–he’s read a lot! Anyway, the State is lucky I don’t have this guy’s voice: