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More Smoke and Mirrors From Krugman
In this post Krugman is rolling his eyes over the press making up the fact that people are worried about the US government’s fiscal situation. (The very idea!) He says: And right now, deficit-phobia has quickly congealed into the latest [Conventional Wisdom]. You can see it in editorials (not from the Times, I’m happy to […]
Read moreKrugman Gives a Very Qualified Defense of Fiscal Stimulus
Krugman is mad about Phelps’ caricature of Keynesians. Phelps wrote: Keynesian economics, which had been nearly forgotten inside the macro field, has found new voices from outside. They take the position that fiscal “stimulus” of all kinds is effective against slumps of all causes. Krugman then explained: Nobody, and I mean nobody, holds that alleged […]
Read moreDeLong vs. Mises
Not sure who I’m rooting for. I’m listening to the live feed of the Senate’s Environment and Public Works committee’s hearings on climate change right now, so I can’t concentrate. But I thought I’d bring your attention to this Brad DeLong post accusing Mises of cozying up to fascists. UPDATE: Jim in the comments alerts […]
Read moreModern Money Mechanics
I just got back from lunch with Carlos Lara, the guy with whom I’m writing a book on Austrian economics and Nelson Nash’s “Infinite Banking Concept.” Carlos said he gave a talk in Oregon and a guy came up afterward and asked him where he learned all that stuff about fractional reserve banking. “Murray Rothbard,” […]
Read morePalmer vs. Woods: Entangling Alliances At Fault Yet Again
I mean this with sincerity, I am not linking to this because I want any Free Advice regulars to jump in. But I know that I derive entertainment when I see other people throwing down over ridiculous things, so I thought you might too. Steve Horwitz offers a pretty good summary of the fight so […]
Read moreHalloween Outlook on the Economy
This actually had nothing to do with Halloween; Anthony Gregory asked me for a general economic outlook piece a while ago, and I just got around to doing it. I realized it had run because all of a sudden my inbox was filling up with requests for radio interviews. Surely my blog post on talking […]
Read moreI’m Neither Smart Nor Devious Enough to Work for Goldman Sachs
What the heck does this even mean? Goldman Sachs Group is in talks to buy millions of dollars of tax credits from Fannie Mae, but the U.S. Treasury could block the deal, The Wall Street Journal reported on Sunday. Goldman hopes to win approval this week, but the administration is wary about approving a deal […]
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