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It’s Only Money

Krugman has left cap and trade for the moment to deal with government budget deficits. The man is fearless; look at his nonchalance in this post when he writes: “Finding 1 percent of GDP in higher taxes and/or spending cuts shouldn’t be that hard — and won’t be, if America has a sane political scene […]

The Coming Marijuana Legalization

Of all the predictions I’ve fired off on this blog in its short life, the one I’m most comfortable with–in terms of the risk/reward tradeoff in terms of geeconosphere reputation–is that the Obama administration will greatly liberalize the marijuana market. You’ve got hit shows about a white, upper middle class mom who sells pot, and […]

Curse Those Subprime Loans!

I was getting my car fixed up for the road trip to Greenville, SC tomorrow (Mises Circle on Saturday), and I was the only customer near the TV. So I flipped through the channels and decided CNBC was the least of 46 evils. They kept giving snippets of Bernanke’s testimony to some Congressional committee. The […]

Flu Vaccine Bask

Once again I ask (not beg) Free Advice readers for their help: What are the best websites giving pro and con arguments for the H1N1 vaccine? I was on a plane recently next to a woman who oversaw emergency planning for hospitals in San Diego (I think), and she was telling me matter-of-factly that I […]

Ron Paul on The Daily Show

I was literally taking planes, trains, and automobiles today. There was a Fox Business Live spot for me to discuss a new IER study, so I canceled my outbound flight from Baltimore, caught the MARC train down to DC, did the interview, then a private car took me back to Baltimore for a later flight. […]

A Quick Note From Baltimore

I’m in a hotel in Baltimore right now, getting ready to deliver a lecture to Tom DiLorenzo’s “Capitalism and Its Critics” class, as well as a public lecture on the New Deal. So I won’t be blogging much, if at all, until Wednesday. In the meantime, look at this blog post from Brad DeLong regarding […]

The Most Ridiculous Argument Against Auditing the Fed Yet…

…comes from Barry Ritholz, as relayed by Bruce Bartlett: While I have been critical of the Federal Reserve (especially the Greenspan years), my beef with them has been their judgment and decision-making process. Congress, on the other hand, is a whole different matter. It[‘]s not their judgment, but rather, the fact they are owned not […]

Arnold Kling’s Bizarre Monetary Theory

At EconLog Arnold Kling has been trading blows with Bryan Caplan. In his justified revulsion at Scott Sumner’s views, Kling swings too far in the opposite direction when he declares: There is a short run in which monetary policy cannot control nominal GDP, and there is a long run in which monetary policy cannot control […]