Shameless Self-Promotion

Archive for Shameless Self-Promotion

What’s Wrong With Government Debt?

In today’s Mises.org article I elaborate on the Keith Hennessey chart showing projected fiscal trends through 2060. I walk through a numerical example showing the connection between government deficits and debt, as a % of GDP. (It’s a bit counterintuitive–you can set any level of perpetual deficits that you want, and there is an associated […]

Krugman’s Stately Contradiction

As an old Nickelodeon show would ask: “Kids, fair or unfair?” I accuse, you decide.

Hidden Assumptions in Option Pricing

Here was my response yesterday to Landsburg’s discussion of option pricing. From the conclusion: Landsburg’s discussion of option pricing is fine, interpreted correctly. But whether he realizes it or not, his “lesson” is very misleading. All he has done is show that certain prices must bear a particular relationship to each other, lest arbitrageurs exploit […]

Murphy vs. Famous Keynesian

Ah, but it’s the poor man’s Krugman, Brad DeLong. (At this point I can’t be accountable for jokes at the expense of DeLong, since I can plead insanity in my defense. I couldn’t help it, guys. Voices are telling me to rip on him, honest.) Anyway, I was foolish and decided to defend Sasha Volokh […]

Institute for Energy Research Publicly Calls to End Fossil Fuel Subsidies

Some of my energetic critics often claim otherwise, but for the record, IER is against all government subsidies to energy sources, whether fossil fuels or “alternatives”: In order to truly level the playing field and allow entrepreneurs to serve consumers with the best and cheapest energy options, the federal government doesn’t need to give handouts […]

Ac-cent-tchu-ate the Positive: The Fed’s Obscure Rule Change

Today at Mises I walk through my understanding of the Fed’s January 6 accounting rule change. My take is that the Fed’s description sounded like no big deal, because they implicitly focused on the treatment of earnings. What they didn’t mention was that their rule change shielded them from losses. One thing: Some analysts have […]

Charles Plosser, Our Man on the Fed?

I explain at Mises.org. However, we Austrians must always engage in product differentiation and so: [B]ecause the Austrians have a rich model of capital, they can explain why a painful bust, or recession, is necessary. In other words, after the central bank backs off and lets interest rates rise to their correct level, the entrepreneurs […]

On the WaPo Hit Piece on DiLo

In this article I become the anti-zombie, and defend Tom DiLorenzo from the shocked finger pointing of the Washington Post’s Dana Milbank (who is a guy, I have verified). An excerpt: If someone (like DiLorenzo) wants to praise the good things in the writings of the Founders, and also of the arguments in favor of […]