Financial Economics

Archive for Financial Economics

Someone New on My Radar

I’m not sure if he wanted to remain anonymous, but someone emailed me this guy’s keynote address at a conference for bloggers. The only vetting I did was to check Wikipedia to make sure this guy is who the video says he is. Anyway, I watched the 11-minute collage below. The guy is a former […]

Cash Is Queen, Gold Is King

Over at my #1 financial blog, Robert Wenzel has a post, “The Story of the Second Quarter: Cash (the Dollar) Is King.” Wenzel shows how the US stock indices are all way down for the 2nd quarter, and that the US dollar index is up 6.19%. Then he says: To my gold bug friends, unless […]

More Sniping at Sumner (and Cochrane)

[UPDATE below.] As longtime readers know, I initially loved Scott Sumner but then came to regret my early praise. Yes, he is the smart, consistent, logical, and funny blogger that I identified early on. But unfortunately, he uses his gifts to promote the idea that Bernanke just needs to start writing more checks, and everything […]

Inverted Yield Curve

When I’m not interviewing authors, I actually think about economics. I am writing a paper for a Liberty Fund colloquium and part of my task is to discuss the yield curve in light of Austrian business cycle theory. One of the stylized facts is that since at least 1960, every recession has been preceded by […]

Can Gold Cause the Boom-Bust Cycle?

This was a very popular topic during my online business cycle class (which has just wrapped up), so I thought I’d devote a Mises.org to it: At the Mises Academy we are just wrapping up the inaugural class, on the Austrian theory of the business cycle. During the class, one issue that came up repeatedly […]

Someone Stop Bernanke Before He Kills Again

(I think I may be stealing that title from an LRC description of one of my previous articles.) Well Scott Sumner has found a scary Telegraph article explaining Bernanke’s plans for the economy. Of course, Sumner laments that Bernanke may not get his way. In any event, check this out: Fed watchers say Mr Bernanke […]

You Can Use the Government’s Own Figures

People often wonder why I use the government’s official numbers (on CPI, the costs and benefits of cap-and-trade legislation, the size of the Fed’s balance sheet, etc.) to make my arguments. The answer is twofold: (A) They are the “official” numbers and so cynics can’t say that I’m making stuff up (if my punchline is […]

Money vs. Wealth

I heard the host and a guest on NPR’s “Marketplace” talking about people taking their money out of stocks and putting it into checking accounts, so I thought I’d set them straight. But the “user contributed tag” at the end of the article says: “this is dumb as hell you seriously dont understand basic economics […]