Archive for Federal Reserve
Potpourri
* You know how it wasn’t the Fed that caused the housing bubble, but those Chinese savers? Well Paul Krugman tells us it’s the same story with rising food prices–not the Fed’s fault, but those Chinese eaters. * Lew Rockwell has a really nice historical and psychological analysis of right-wing warhawks. (I.e. he offers plausible […]
Read moreLast Call for “Anatomy of the Fed”
Just a reminder, the first class of my “Anatomy of the Fed” online course begins tonight. Here are the details.
Read moreRon Paul vs. NYT Guy on Colbert
HT2 Viresh Amin. The Colbert Report Mon – Thurs 11:30pm / 10:30c www.colbertnation.com Colbert Report Full Episodes Political Humor & Satire Blog</a> March to Keep Fear Alive The main argument from the NYT guy is that you can’t have a weak economy and rising prices at the same time. BTW this clip beautifully demonstrates the […]
Read moreOne Week For “Anatomy of the Fed”!
This may be the only chance we have to offer this class, before Ron Paul Ends the Fed. Learn its anatomy so you can identify the parts that leak out onto the floor. Perhaps more plausible, is the goal of hitting 300 enrolled students by next week (the first class). As I explained in the […]
Read moreDoctor’s Orders
You know how when you were a purist, you couldn’t understand why Hollywood would ruin a perfectly great movie, by cranking out ever more variants of the same thing? Yet when you get older, you realize that as long as you can pull in more marginal revenue from yet another sequel, it makes sense.
Read moreAnd the Winner of the Most Implausible Blog Statement of 2010 Is…
…Scott Sumner! Just to clarify, “Implausible Blog Statement” means “statement someone made on a blog, that is not likely to be true.” After all, it would be very implausible that someone would post on a blog, “I just took a bath with my toaster.” But that’s not what I mean with this category. After praising […]
Read moreScott Sumner Assumes a Can Opener
It’s possible that I have blogged about this before, but in any event one of the things that bothers me about Scott Sumner’s proposal to have the Fed target nominal GDP (NGDP) is that he often argues almost from definitions, rather than the economics. This is analogous to a Keynesian justifying stimulus spending by pointing […]
Read moreI Don’t Mean to Be a Debby Downer But…
…is anyone else’s Spidey sense tingling with all the acceptance of Ron Paul in mainstream circles now? I still can’t believe they let him get the position. I know, I know, people will say, “Oh but Bob, they couldn’t possibly have denied it to him. People would have been outraged.” Right, but people were outraged […]
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