All Posts

Archive for All Posts

My Objection to GMU Treatment of Growth Rates, Sans Sports Analogy

In a recent post I may have been too clever by half, or even by three-fourths. I thought I had discovered a glaring contradiction in the arguments of some GMU bloggers in their disputes with Keynesians lately. But instead of stating my view plainly, I invented a basketball game between Team GMU and Team JMK […]

DeLong on Interest Rates and the Housing Bubble

In a WSJ survey of economists on the housing bubble and Greenspan’s possible role, Brad DeLong wrote: BRAD DELONG, BERKELEY PROFESSOR: “If you believe that the Fed kept the fed funds rate 2% below its proper Taylor-rule value for 3 years, that has a 6% impact on the price of a long-duration asset like housing. […]

The Strategy of Nonviolent Resistance

Everyone is familiar with the “I Have a Dream” speech, but I just heard Martin Luther King’s acceptance speech for the Nobel Peace Prize. It’s really good, except that he inconsistently thinks tapping on the federal government is a peaceful solution to political and moral problems. I thought maybe this was simply an intellectual error […]

Quite a Chapter: Mark 8

Last night our power went out. Since I couldn’t read my Bible where the bookmark was, I picked a chapter randomly and read it on my Blackberry. I picked Mark 8, hoping it had some good stuff, and wow it was chock full of interesting things. It starts out with a famous miracle: 1 In […]

Mankiw Gives Himself an Out on Inflation

Phil Maymin emails me Mankiw’s op ed and wants commentary. Some excerpts: IS galloping inflation around the corner? Without doubt, the United States is exhibiting some of the classic precursors to out-of-control inflation. But a deeper look suggests that the story is not so simple. Let’s start with first principles. One basic lesson of economics […]

A Glib Interview With Eugene Fama

Oh man, I think we need to come up with our version of Cass Sunstein and pay Eugene Fama to stop defending the free market. He warmed up by the second half, but I think Fama started off this interview horribly. (HT2CP) I’ve seen progressive bloggers laughing themselves silly over it, and I don’t blame […]

Glenn Greenwald Slays Paul Krugman

Paul Krugman failed to learn from my example and foolishly kept up an argument with Glenn Greenwald, who just obliterated him: Nobody suggests that there’s anything wrong with hiring Gruber to perform modeling analyses and paying him to do so. That’s all perfectly appropriate; I’m all in favor of the Government’s retaining genuine experts (as […]

Uh Oh On Glenn Greenwald

[UPDATE below.] Oh come on, don’t tell me another of my budding heroes has let me down! No doubt acting on orders from Cass Sunstein, commenter Blackadder recently brought to my attention this post which apparently wields damning evidence that Glenn Greenwald posts as other people to defend himself on blogs. I don’t know enough […]