Nick Rowe

Archive for Nick Rowe

Potpourri

==> I’m being serious: Mark Spitznagel sent me this, and neither of us can tell if this is a complete fabrication about “Krugman’s response.” Thoughts? I’d call in the world’s leading forensic expert on the writing of Paul Krugman, but that would present a conflict of interest. ==> What kind of crazy upside down world […]

The Real Flaw in Williamson’s Inflation Argument?

Wow, I don’t know if you kids have been following the blow-up over Stephen Williamson’s arguments about QE–I gave you a hint in this Potpourri when talking about Nick Rowe’s blog rage–but it has the potential to rival the Great Debt Debate of 2012. At this point we’ve got a full-blown shooting war, with Williamson, […]

Potpourri

==> The erudite von Pepe notified me that John Taylor has been blogging about Summers/Krugman as well; here’s a good example. ==> Here’s me with Tom Woods talking on this topic. ==> Speaking of Summers/Krugman, apparently the Onion anticipated their stance. ==> Mark Spitznagel is not on the Bitcoin bandwagon. ==> Danny Sanchez has a […]

A Policy Proposal That All Economic Schools of Thought Should Prefer to the Status Quo

[UPDATES in the middle and then at the end.] Once again, Nick Rowe has argued that according to the very model that Paul Krugman claims to be using–and I mean here, the full-blown model with intertemporal optimization, not the cruder IS/LM model that Krugman thinks gives surprisingly good policy recommendations, using the full-blown model as […]

“The Biggest Scam in the History of Mankind”

This video is pretty neat; it’s racking up views very quickly. It’s very well done, but unfortunately there are a few things that I think they get wrong. Some of my objections: ==> The guy a few times says “I” when he should say “me.” ==> I understand where he’s coming from, but I don’t […]

Nick Rowe: It’s the End of NK Models as We Know Them, and I Feel Fine

[UPDATE: See Nick Rowe’s comments in the post for further clarification, plus I tweaked a few things in the post itself in response to his comments.–RPM] In a previous post, I explained that the academically respectable, formal New Keynesian model of the economy was collapsing before our very eyes. I mentioned that Nick Rowe was […]

Potpourri

I’m just outside Chicago for the Illinois Libertarian Party annual extravaganza. Some “Freedom Karaoke” tonight, followed by lectures tomorrow. In the meantime: ==> Nick Rowe writes another blog post in which he calmly and methodically destroys the foundation of mainstream central banking theory. (You may recall a few months ago Nick showed in a standard […]

Potpourri

==> The WSJ and I are pen pals. ==> Next week on Friday (September 27) I’ll be giving a talk at San Jose State on interventionism in the Austrian tradition. (I’m in California because on Saturday I’m giving the keynote address for a celebration of Mises’ birthday. I still haven’t gotten his present, gah!!) ==> […]