Economics

Archive for Economics

Follow-Up on Labor versus Investment Taxes

Steve Landsburg thinks he’s got Mate in One in the comments of my previous post, so before he declares victory let me write this follow-up post. To set the context (again), I am dissatisfied when Steve (talking about Mitt Romney) uses a thought experiment to conclude, “people with investment income bear a higher tax burden, […]

Potpourri

* Bob Wenzel has some concerns about gold confiscation, if the feds get serious. In short: It’s hard to hide a bunch of metal, since there are detectors built specifically for that purpose. * Russ Roberts interviews Nassim Taleb. I will always like Taleb, because he answered my emails back in the day and even […]

Steve Landsburg 2, English Language 0

I want to give a disclaimer that usually when I think University of Rochester economist Steve Landsburg is wrong on something, it’s not that his conclusion is mistaken, or even that the world is a worse place for him having advanced the argument. No, it’s more like, I think Steve tries to deliberately shock his […]

Paul Krugman’s Been Hanging Around in Bars

…though we have no proof that he puts on women’s clothing. Some of you may recall that in May 2011, Chicago economist Casey Mulligan wrote a critique of New Keynesian economics. He wrote: Our labor market has long-term problems that are not addressed by Keynesian economic theory. New Keynesian economics is built on the assumption […]

These Keynesians Make a Lot of Sense…

Sorry I’ve been so sparse with the blogging, but I was traveling most of last week, and now I have to dig out of a “day job” hole. I am wondering if this is what insanity feels like, because lately I’ve been agreeing with the Keynesian side of internet arguments. The first one centers on […]

Watch Mises Circle Live, This Saturday!

Here is the link to the live webcast of this Saturday’s Mises Circle in Houston. And here are the details.

My Name’s Bob, and I Have a Debt Addiction Problem

I see my Team Leader has retreated back to his monastery in the snowy mountains up north, to resume his meditations and emerge again only when disaster strikes and all hope seems lost. By the same token, I seriously have a bunch of work I have been neglecting because of all this, so I must […]

From the Comments: Callahan Joins the CPR Effort on Krugman’s Position

It is amazing to behold people denying that Krugman et al. thought it was literally impossible for us to impoverish future generations. Here is Gene Callahan from the comments: [I]n other words, does depicting a scenario in which government debt is used to impoverish future generations prove Krugman wrong? I say it does not, since […]