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John Cassidy Fails in His Critique of Markets

I explain at Mises today: While driving my son to school one morning, I heard a National Public Radio interview with John Cassidy, author of the new book How Markets Fail. Fortunately, we got to the front of the line before Cassidy let out the zingers. A few minutes earlier, and my son would have […]

How the Fed’s Massive MBS Purchases Harm Banks

Editor’s Note: I asked “Mike in Alaska” to expand some of his intriguing blog comments into a full-length article. Note that I have added the underlining below, not the author. –RPM How the Fed’s Massive Purchase of Mortgage-Backed Securities Plays a Role in Harming Banks and the Overall Financial System:A small town community bank perspective.By […]

Was Jesus a Pacifist?

This is a lightly edited article that originally ran on LewRockwell.com a few years ago, but in response to an email from John Goes I dug it up. I thought some new readers might be interested. –RPM Was Jesus a Pacifist?By Robert P. Murphy In a 2002 article, World Net Daily editor Joseph Farah challenges […]

Potpourri: Be Afraid, Be Very Afraid Edition

The translucent von Pepe sent me some scary articles today. I am not in the warp and woof of the markets enough to say whether the below excerpts are 100% right, but they definitely express the foreboding that von Pepe and I share. * This FT article talks about hedge funds betting on rising bond […]

Pretty Neat for a 20-Year-Old

My dad’s friend is into mass emailing, but fortunately half his stuff is pretty good. Case in point is this video apparently made by a 20-year-old for an AARP contest: Here’s a hint: Something neat happens halfway through the video. See if you can see it coming.

Krugman DID Identify the Housing Bubble in 2005

OK after browsing through his archives circa 2005, I must retract my earlier criticism of Paul Krugman. For sure, Krugman did identify the housing bubble before many other analysts (including me), and so he’s not bluffing when he says nowadays that he called it. Also, people who comment at his site should be a little […]

Sometimes You Have to Salute Krugman’s Audacity (or Maybe Just Sloppiness)

This guy is really something else. In this post, Krugman matter of factly said that he had predicted the housing bubble, in contrast to Bernanke. Apparently some people demanded that Krugman give examples of where exactly he warned that housing prices were too high, because in a subsequent post Krugman wrote: 3. Some commenters ask […]

The New Republic: If Something Is Taken for Granted, It Must Be a Good Thing

Arnold Kling links to this TNR article showing allegedly absurd warnings from the past, which are supposed to make current Obama-haters rethink their rhetoric. Funny thing is, a bunch of those warnings strike me as confirmed, or at the very least still open for debate. The TNR writers don’t actually give a “The Claim…The Reality” […]