Consulting by RPM || Free Advice Blog

Contra Krugman Trailer

It Takes a Village to Point Out Krugman’s Problem

Ah, see everybody? Look at how much better this post was, since Waldek stepped up to the plate. One man can make a difference. But seriously, click this link. What would Krugman say? I’m thinking he would go with, “Oh please, another ‘gotcha.’ Don’t these guys have anything better to do?”

Potpourri

==> I don’t know this guy personally, but he is a “colleague of colleagues” and his story about typical police treatment of a black driver certainly sounds quite sincere. Interesting reading. ==> Can anybody confirm that this charge against Rand Paul is correct? (They are saying he deliberately quoted the Ayatollah out of context in […]

Gold Prices Prove Krugman Wrong

My latest at Mises CA. An excerpt: However, what happened since early 2014? Gold prices have bounced around in a tight zone, even though 20-year TIPS yields dropped almost a full percentage point. Back in early 2012, when the blue line was at a comparable level, gold prices were above $1,600. And in any event, […]

Krugman Then Vs. Now, Bask

This guy Dave Smith at EconLog posted the following citation: ==> Krugman, Paul (1994), ‘Past and Prospective Causes of High Unemployment’, Federal Reserve Bank of Kansas City, Economic Review, Fourth Quarter, 23-43. That looks like it could be the gift that keeps on giving. However, when I tried to get it, I could only find […]

Potpourri

==> Alex Tabarrok relays some surprising facts about apartment hunting in Stockholm. ==> Tabarrok twin spin: Here he reviews a book on more effective altruism. ==> Overstock.com CEO Patrick Byrne was the “mystery guest” (via Skype) at Mises University this year. He pointed us to this Politico article, saying this reporter was the first mainstream […]

Sequester Fun, and Murphy on Liberty Classroom

My latest post at Mises CA shows that Krugman can’t get away with saying Keynesians just needed to be more careful back in 2013, and that had they checked the numbers they would’ve known the sequester was no big whoop. Au contraire, I dug up Jared Bernstein going nuts because right-wingers were ignoring “the arithmetic” […]

A Helpful Mnemonic in the Minimum Wage Debate

I am working on a paper for the Fraser Institute on the minimum wage debate. Both Krugman and Daniel Kuehn stressed the importance of picking a “treatment” versus a “control” group, in order to see that the minimum wage really doesn’t have much impact on employment (at least for modest hikes). Of course the pioneering […]