Noah Smith

Archive for Noah Smith

Potpourri

==> My latest Mises CA blog post goes back to the issue of “productivity” versus labor compensation. ==> Cory Massimino also opposes the shooting of cops in pizza places. ==> Rognlie has the longest “Note” you’ve ever seen, dissecting Piketty’s argument in terms of estimates of elasticity from the literature. ==> This Noah Smith post […]

Maybe Sargent Should Have Used 1,000 Words?

We don’t see eye to eye on many issues of economic policy, but Noah Smith is quite possibly even a bigger smart*ss than me, so I try to follow his blog out of solidarity. I have to agree with Noah that the gushing over Thomas Sargent’s 2007 graduation address to Berkeley students has been completely […]

Potpourri

==> Unfortunately it looks like they are charging for the videos from the Texas Bitcoin conference. But if you are really interested in deciding once and for all whether it’s a fad or the libertarian’s dream come true, I strongly encourage you to invest the $50 to gain access to the videos. (If you care, […]

A School for Keynesians Who Can’t Read Good

…should be established. Yes I am now starting to think there is a “Krugman Derangement Syndrome,” because people seem to have an amazing inability to parse objections thrown his way. Today’s case in point: Noah Smith, but first I have to give some context: Ed Prescott (a Nobel laureate) recently gave a quote to a […]

The Krugman/Sumner Showdown–In Layman’s Terms

The blogosphere has been abuzz (though nothing compared to the Great Debt Debate of 2012) with activity centered on whether the year 2013 provided a good test of the economic views of Keynesians like Paul Krugman versus Market Monetarists such as Scott Sumner. These things often get bogged down in technical minutiae. In the present […]

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 other day I had a deadline, so naturally I ended up watching the SNL auditions of both Phil Hartman and John Belushi. The former impressed me much more than the latter. Hartman had a very unique style. ==> If you took away my interest in karaoke, and forced me to teach at a […]

Potpourri, Peter Schiff Edition

==> The blogosphere is full of claims that he got “pwned” by Scott Sumner in this exchange on Kudlow. I don’t see how. Sumner said that if the official (price) inflation numbers were bogus, then that would mean the real economy was shrinking. Such a claim has always astounded me; I can’t believe libertarians find […]