Archive for Inflation
Scott Sumner Tries Not to Laugh at Those Silly Inflation Hawks
Scott writes: Back in the Great Depression the inflation hawks said two things; monetary stimulus would do nothing (it was just pushing on a string) and it would do too much, producing hyperinflation. Keynes is now viewed as a genius, because he just made one of these two errors; assuming monetary stimulus would do nothing. […]
Read moreMystery Right-Winger Sneaks Into an NPR Story on ZIRP
I was pleasantly surprised by this NPR story this morning, which said that the Fed’s zero-interest-rate policy was turning savers into collateral damage. But if you listen closely, around 3:30 you’ll recognize a familiar voice.
Read moreTwo Views (?) On Using Bets to Test Economic Theories
Back in December, when Brad DeLong said I needed to study at the feet of Krugman because I lost an inflation bet to David R. Henderson, and then Bryan Caplan objected to the tone of the statements, Daniel Kuehn wrote: I thought the whole point of betting on predictions was to weed out BS and […]
Read moreKrugman’s Botched Inflation Call and Scary Other-Country Reference
Ideally someone else would make this post, since it will seem petty and defensive coming from me, but sometimes you look inside yourself and realize that you are the only one who can get the job done. Anyway, I think it’s fair to say that Paul Krugman has been running around for a good two […]
Read morePotpourri
==> Not sure if I even mentioned it here, because the main event sold out…but anyway I will be at the “Anarchy in the NYC” event this Saturday. Afterward there is a karaoke party hosted by Tatiana Moroz, but you need a ticket to get in. (I am now calling myself a professional singer for […]
Read moreKrugman Gloating on Gold
This really makes no sense. As everybody knows, gold just had the biggest one-day drop in three decades. Here’s Krugman’s reaction: So, the slide in gold has turned into a rout. As Joe Weisenthal says, this should be seen as really good news, because it offers strong evidence that the goldbug/inflationista view of the world […]
Read moreScary Scott Sumner Statements
At this point I think my analysis is superfluous. I just need to quote this guy. If you folks don’t see what I see, I don’t know what my commentary will add. These quotes all come from the same post: ==> “So it’s print money now or print money later. If you really, really don’t […]
Read moreMurphy Inflation Smackdown
[UPDATE below.] Brad DeLong unleashes hell on me at his blog for my (price) inflation bet with David R. Henderson. Especially in light of my Les Mis post yesterday, I had thought about either ignoring this or just linking to it in a Potpourri with no comment. However, at the risk of seeming petty, I […]
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