Federal Reserve

Archive for Federal Reserve

Did I Ever Predict Hyperinflation?

[Ironic UPDATE below.] One of the standard criticisms of guys like Peter Schiff (and lesser mortals such as me) is that we’ve been falsely calling for hyperinflation for a few years now. For example, Krugman repeatedly rips Schiff on this score, and links people to a Google search of “Peter Schiff hyperinflation 2009.” (Incidentally, I […]

More Heretical Thoughts on Inflation

I know, I know, the “bond market” is telling us that there will be low price inflation as far as the eye can see, so I’m just supposed to ignore everything else that is screaming, “Danger danger, Will Robinson!” Now we Austrian types have argued that maybe the yields on US government debt are low […]

Obama Voter Now Supports Ron Paul

This guy’s enhanced clarity resonates with me. I didn’t vote for him (I’m pretty sure I had decided by that point in my life that I was done with voting), but I remember really really hoping late on election night, 2000 that George W. Bush would beat Gore. You know why? I didn’t know (or […]

A Question for the Quasi-Monetarists

Oh man, now I know how Krugman feels about those dastardly Austrians gaining more influence… That’s what I think every time National Review and now The Economist start running Sumnerian agit-prop. Joking aside, help me out here guys (especially Bill Woolsey if you’re tuned it). The Economist piece says: “For all its theoretical merits, a […]

Sauce for the Goose Should Be Eaten By the Gander

…or whatever that saying is. Paul Krugman two days ago, complaining about the hoaxster: “Apparently some people can’t find enough things to attack in what I actually say, so they’re busy creating fake quotes.” Krugman today, on Jackson Hole: John Maynard Keynes: But this long run is a misleading guide to current affairs. In the […]

Al Sharpton (and Others) Discuss the “Prophet” Ron Paul

I can’t believe this is happening. People on MSNBC are talking about Friedrich Hayek, Ludwig von Mises, the gold standard, and Ron Paul as a prophet. If they bring up David Gordon, I’m going to pass out.

Is This the Inflationary Big One?

I elaborate on the trends in excess reserves and money stock that Wenzel first noted. If for no other reason, you should click the link to see the graphic they put with the article.

Krugman Narrowly Escapes My Klutches

Aww, I thought I had him. The thing that’s been bothering me about Krugman’s post-9/11 remarks (which may or may not violate Bastiat’s Broken Window Fallacy, depending on whether or not you liked Paul Krugman going into the column), is that I thought they were evidence of “vulgar Keynesianism” as defined by Krugman himself around […]