Scott Sumner

Archive for Scott Sumner

Trolling Update

Scott has playfully pushed back against my nomination of myself as Best Troll of an Economics Blog 2016; you can read that and the comments if you are really committed to doing nothing productive for the next 15 minutes. After that, I encourage you to consider just one more example of my trolling, on an EconLog […]

Nomination

I put forward my own name for Best Troll on an Economics Blog in 2016. Here’s but one example. Now look, there are some master trolls who hang out at Landsburg’s blog, and there are arguable professionals at Marginal Revolution. So I’m not asking that I win. All I ask, is that you don’t ding […]

Asking Scott Sumner for Clarification

As I repeatedly say, I think Scott Sumner is a very sharp guy who understands technical economics models. (For some of the technical papers I’m working on here at Texas Tech, Sumner may be one of the few people I personally know who can give me feedback on the drafts.) But his latest EconLog post […]

Sumner vs. Kling: Don’t Get Hit By Those Goalposts

This is quite strange. It shows the versatility of economists and how they can always make it sound like they’re winning the argument, no matter what happens. Earlier this month, Arnold Kling wrote: Wisdom from Erik Hurst Posted on September 2, 2016 He says, The facts are real wages moved very strongly with employment across […]

Open Borders and NGDP Targeting: A Numerical Example

In my last post, in which I argued that Open Borders plus NGDP (or even total labor compensation) targeting would lead to disaster, I fired off some quick numbers that (although technically not wrong) made it look as if I were missing the basic logic of Sumner’s framework. Thus, David Beckworth in the comments said: […]

Clarifying a Problem with NGDP Targeting

[UPDATE below.] I fear that even you, my loyal blog readers, may not fully appreciate just how insightful my earlier post on Scott Sumner was. So let me take the humor out of it and write plainly. In this post on the Irish “miracle” (of apparently huge economic growth), Scott wrote: I’ve argued that NGDP […]

Two Snarky Comments on Sumner

With all of my traveling this summer, I worry that Scott Sumner feels I am neglecting him. (After all, I have a weekly podcast devoted to Krugman–have I forgotten my Market Monetarist friends?) So as to partially rectify my benign neglect, here are two snarky comments on recent Sumner posts: ==> In this post responding […]

Potpourri

==> Carlos and I discuss the mechanics of whole life insurance policy loans, and in particular some of the intricacies in how Nelson Nash describes being an “honest banker” with your IBC system. ==> In 1958 Mises gave lectures in Argentina. This one concerns migration barriers and the flow of capital. Very relevant. ==> I […]