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Potpourri
* Here is David Henderson’s funny disassembly of Peggy Noonan’s Obagaga. * In bad news for David and others who advance the savings glut hypothesis, Chinese bankers call them gangsters. (HT2 Tim Swanson) * Peter Schiff rips stimulus. * John Whitehead uncovers some apparent math mistakes in the job creation calculations for the Obama-Biden stimulus […]
Read moreFilling the Holes in Krugman’s Analysis
You may be getting sick of Krugman-bashing, and in fact so am I. (My next Mises Daily will be a critique of Robert Lucas.) Yet I couldn’t let this one go: So what I’ve come to realize is that in these last few months Krugman has implemented his own private-sector stimulus plan. He has been […]
Read moreTwo-Minute Hate on Brad DeLong’s Discussion of Modern vs. Classical Liberalism
UPDATED. Wow, this guy is by far my favorite to read in order to wake up in the morning. I will come back and update this post, but for now just enjoy DeLong’s explanation of why classical liberalism (today we’d call it soft libertarianism) failed. UPDATE: I don’t have too much to say, but I […]
Read moreWenzel vs. Murphy
Over at his blog, Robert Wenzel recently made the “Case for Optimism (Sort of),” in which he predicted that Bernanke’s showers would soon bring apparent growth back to the traditional indicators. Wenzel’s momma didn’t raise no fool; he isn’t saying this will be a good thing, since he shares my concerns about price inflation in […]
Read moreIER’s Green Jobs Critique Now Available
The suspense is over! IER’s new study (by Robert Michaels and me) looks at four of the leading “green jobs” studies and finds serious flaws. We are not delving into the climate issues on this one, and so our critique alone doesn’t prove that a cap & trade etc. are bad ideas. However, just glance […]
Read morePotpourri: 1/3 Information, 2/3 Narcissism
* Blackadder recommended this Russ Roberts podcast with card-carrying Keynesian Steve Fazzari. I highly recommend it as well. Fazzari is so confident that he tripped up Roberts at one point (and I confess, I was momentarily befuddled as well). Roberts didn’t go in for the kill, either because he didn’t want to make the guy […]
Read morePraise for My Piece on "Depression Economics"
My recent Mises.org piece on Krugman/Thoma’s “the normal rules don’t apply in a depression”-argument is getting a lot of commentary, as these things go. Mario Rizzo gives it a plug, and David Henderson wrote a very nice post today over at EconLog. My favorite line: “But you can unbundle Murphy’s package.” To learn the context […]
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