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Rizzo 15, Keynesians 0

Mario Rizzo has been doing great work over at ThinkMarkets during the last few months, puncturing Keynesian myths. Unlike some critics, Rizzo doesn’t simply say, “That justifies Big Government so therefore it’s stupid!” (appealing though that argument may be). Rather, Rizzo takes the Keynesian claim at face value and follows through to the logical implications, […]

Rothbard on the History of the Fed

I watched the below video over at Robert Wenzel’s site; I started it when I was balancing my checkbook, and I watched the whole hour+ thing. But what I want to comment on here is the guy pestering Rothbard at about the 1:00:00 mark in the Q&A. The guy makes a point that I hear […]

Correcting Joe Romm on IPCC’s Cost Estimate

At MasterResource today I take on our good friend Joe Romm: In a provocative post, Joe Romm argues that even “strong climate action” would be well worth the effort. Yet Romm’s claim that stabilizing atmospheric greenhouse gases at 445–535 ppm (CO2-eq) would cost only “one tenth of a penny on the dollar” (through 2050) understates […]

Wages Are Too Flexible Downward

Von Pepe rises above the call of duty and points out that many businesses are cutting wages: they’ve stopped matching 401(k) contributions and scaled back other benefits.

Jesus Was More Than a Man

One of the more interesting testimonials to the divinity of Jesus Christ was the (apparent) remark by Napoleon along the lines of, “I know men, and Jesus Christ was no man.”* What always amazes me is Jesus’ strength of will when He asked His Father to forgive His murderers. The very same people who not […]

Quick Note on Miss California and the Constitution

I am in a hotel room in North Dakota doing a radio interview for my book. (It’s on a commercial break.) I just wanted to blog this quickly before I forget. Did you hear Miss California’s statement at the press conference where Donald Trump said she could keep her crown? I don’t have time to […]

More Magical "Seasonal Adjustment" to the CPI

Hmm the headline says no CPI inflation in April. Yet as usual, prices did in fact rise, but they were seasonally adjusted away. According to the first sentence of the BLS press release: “The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in April before seasonal adjustment, the Bureau of Labor Statistics […]

Scott Sumner on Krugman

I will be at the North Dakota Free Market Forum for the next few days, so blogging will be at a minimum. In the meantime, remember a while back when I said Scott Sumner was my new favorite blogger, and some of you pooh-poohed me because of his position on business cycles? You have to […]