Federal Reserve

Archive for Federal Reserve

Murphy vs. Fed Economist

This was my debate with Gerald Dwyer, an economist who worked for the Atlanta Fed back in February. I am at a hotel right now for a Mises Circle event so I haven’t been able to watch any of this. On the off-chance that some new readers haven’t heard about it, I have a campaign […]

Update on (Price) Inflation

I know I’m supposed to hang my head in shame at how some of us have been Chicken Littles on price inflation, but I’m still not sure it’s time to throw in the towel. (For the record: Yes I have definitely been wrong in the specific timeframes I gave for when we’d see certain things […]

Potpourri

* Silas Barta smells a rat in the official inflation numbers. * Ha ha, those Austrian economists teach at small schools and have funny names for their dogs. QED. * I have written in several places that the Fed is responsible (at least in part) for rising commodity prices and oil in particular. Jerry Taylor […]

Final Thoughts on MMT

[UPDATE below.] I kept telling myself that I didn’t have a problem, that I could stop reading the comments in this post whenever I wanted. Well I think I need to go cold turkey. So let me make three main concluding points: POINT #1: The accounting identities don’t prove the things that the MMTers think […]

Paul Krugman, Inflation Denier

In a recent blog post, Krugman provides some graphs of the things “we’re supposed to be worried about,” which he means sarcastically. Namely, bond market confidence and (price) inflation. Here are the charts: Then Krugman concludes: A naive observer might note that interest rates are low by historical standards, making you wonder why we’re obsessing […]

Someone Needs to Send Jon Stewart a Book on Public Choice

He can’t understand why Goldman executives make money for the company, but then “screw up” when they are running the Fed and government. The Daily Show – William CohanTags: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook

Keynes vs. Hayek Round Two

Here’s the sequel… Right now there are only about 4,000 views. Will it break a million? So what do you guys think? Did Stringham have to sleep with anyone for the cameo at the end? (Inside baseball for 99% of you, sorry.)

MMT Bask

OK I have decided that this MMT (Modern Monetary Theory) doctrine/worldview needs a thorough refuting, much more than my good friend’s quick thoughts. I have seen our frequent guest “AP Lerner” make numerous claims in the comments of this blog that seem almost self-evidently false to me. However, I can’t very well write a Mises.org […]