Nick Rowe

Archive for Nick Rowe

Potpourri

==> Tom Woods has had a bunch of interesting episodes lately at his podcast. You know, the one that has 50% fewer hosts and is 50% as cool. ==> Second only to his posts that transformed my understanding of government debt burdens, this is my favorite work by Nick Rowe. ==> Cliff Asness is really […]

In the Long Run, We’re All Earthlings

In a recent post on the economics of immigration, Nick Rowe engages in the most astonishing example of “use the Cobb-Douglas model to assume away the very problem under discussion and don’t even realize you did it” that I’ve ever seen. Here’s Nick: When economists disagree with public opinion, I normally agree with the economists. […]

These Market Monetarists Aren’t So Bad

I obviously disagree with Scott Sumner on his key issue, but I really like how he has been hammering on the Dennis Hastert case, which is really outrageous (putting aside one’s distaste for political figures, which doesn’t excuse someone getting railroaded). Also, I have to salute the Teflon blogger, Nick Rowe, who is impervious to […]

Framing Effects in the Name Game

(We also would have accepted, “Tyranny by any other name…”) In certain states, there are restrictions on your legal name. (For example, in some states there are length limits, and in some states you can’t use numbers.) Now some libertarians will probably say, “You should be able to name yourself whatever you want, screw the […]

Whether r < g or r > g, We Need Much Bigger Government

I was toying with this idea but hadn’t had time to go document my claims. But now Nick Rowe is saying the same thing, so I’ll let him put his head out there. Anyway here’s the claim: (1) A few months ago, Krugman was agreeing with Larry Summers that we were stuck in a period […]

Piketty on the Marginal Product of Capital

I’m not going to comment on this right now; I have a big article on capital theory coming out next week, and you guys should read that first as foundation. So I’ll wait. In the meantime, however, let me go ahead and type out the following excerpt from pp. 212-213 of Thomas Piketty’s blockbuster Capital […]

Potpourri

==> Dan Sanchez has a great review of the new Captain America movie. However, MAJOR SPOILERS. If you are borderline, I would strongly nudge you to go watch it; it was a lot better than I had hoped. Then after you watch it, read Dan’s review. ==> I was on the Power Trading Radio show […]