Financial Economics

Archive for Financial Economics

This Year, I’m Thankful That I’ve Been Bearish on the Dollar

This sounds a little ominous (HT2 someone-on-Facebook): St. Petersburg, Russia – China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday. Chinese experts said the move reflected closer relations between Beijing and […]

Quantitative Easing Explained Explained

[Sic.] So the video itself got more than 2 million hits in the first week. The interview with its creator currently has 810 views. You heard it here first (and last).

Division of Labor, for High Schoolers

OK here is the video of the talk I gave last week on the division of labor at the Mises Institute high school seminar. (Note: The opening jokes are referring to something Mark Thornton did in the prior talk. BTW if someone watches his talk, can you give me the exact time he sets up […]

Murphy Interviewed by Peter Schiff

In case you didn’t want to bother going to his site:

A Plug for the EPJ “Daily Alert”

Bob Wenzel is not paying me to say this, and I’m not getting any kind of commission, though it is true he gave me a free subscription. So interpret this however you like… His EPJ Daily Alert is actually very interesting and lives up to what it purports to be: it is a deeper layer […]

Yet Another Krugman Kontradiction

[UPDATE below.] I think I may have to christen a “YAKK” category on Free Advice. On October 26, in a post entitled “Do Investors Expect Too Much From Bernanke?”, Krugman had a chart showing how inflation expectations had risen substantially since August, when the market began expecting QE2. This is Krugman’s commentary: Financial markets seem […]

Murphy vs. Mish

At the behest of several readers, today at Mises.org I tackled once again Mish’s credit-deflation paradigm. Here’s a good excerpt: When Mish wrote the above, the S&P 500 was 935. As the quote above tells us, at this time Mish was predicting that stocks would then fall down to 600 or maybe even 450. Instead, […]

A Question for the Money Printers

I am being serious with this one, so if you actually know what you are talking about–always a plus–please help me out. We’ve got lots and lots of economists (like Paul Krugman but also Scott Sumner and even Tyler Cowen) who think QE2 might help a little bit, but that it’s not enough to get […]