Archive for Scott Sumner
Potpourri
==> An excerpt from Guido Hulsmann’s introduction to (what we know as) The Theory of Money & Credit. Incidentally, I wrote a Study Guide for this book, and believe me, it’s not as intimidating as it first appears. If you have always wanted to be the type of person to read it, but thought you […]
Read moreGreat Posts on the Minimum Wage
It’s reassuring to see that if I ever decided to retire to the Caribbean permanently, my US-based free-market colleagues would carry forward the torch of liberty. Here are some great posts on the minimum wage: ==> Steve Landsburg ==> Bryan Caplan ==> Scott Sumner (though it’s on ObamaCare technically, but could be applied to minimum […]
Read moreFriday Night Magnanimity
I just posted this comment over at The Money Illusion: Scott, I don’t hope to convince you on this point, but for any innocent reader: I want to say for the record that Paul Krugman–my nemesis–has, since the late 1990s, consistently said that what Japan needs to do, to escape from the zero-bound liquidity trap, […]
Read moreScary Scott Sumner Statements
At this point I think my analysis is superfluous. I just need to quote this guy. If you folks don’t see what I see, I don’t know what my commentary will add. These quotes all come from the same post: ==> “So it’s print money now or print money later. If you really, really don’t […]
Read moreWhile I Was Bogged Down With Keynesians, Sumner Solidifies His Power Grab
Oh man, have you kids been checking in with Scott Sumner lately? ==> Famous monetary economist Frederic Mishkin has now been seduced by the Dark Side. ==> Sumner thinks the trillion dollar coin is bad for the Democrats politically, but if Obama “ignores my advice and mints the coin anyway, I’ll strongly support the move […]
Read moreDon’t Let Scott Sumner Write the History Books
Despite my title, this is actually a post about Brad DeLong, where I’ve noticed this trend the most. Now despite the recent unpleasantness, I’m not even criticizing DeLong in this post. I’m simply pointing out a rewriting of history that I am watching unfold before my very eyes, and I want to point this out […]
Read moreAmerica’s Platinum Express
I have a question and a comment: ==> The “trillion dollar coin” thing is just because a billion is too little, and a quadrillion is too much, right? For example, there’s nothing to stop them from using this “option” but doing so by minting, say, 10 coins each with a face value of $100 billion? […]
Read morePotpourri
==> I want to call your attention to a major UPDATE I made to my response to DeLong/Krugman, inspired by Nick Rowe’s thoughts on macroeconomic disputes. ==> Justin Merrill makes some good points about Cantillon Effects. One thing I had meant to mention myself: The people objecting to the “simplistic” Austrian critiques love to say, […]
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