Shameless Self-Promotion

Archive for Shameless Self-Promotion

My Take on “The Big Short”

Since there was a lag before this review would run, I focused on the role of the ratings agencies. An excerpt: The Big Short leads viewers to believe that shortsighted greed is the ultimate explanation for why the ratings agencies gave their blessing to dangerous products. In one scene, a woman working for a major […]

Inverted Yield Curve and Recessions

The 3-month and 1-year Treasury yields have gone way up in the past year, but the overall spread (say between them and the 10-year) is still quite positive, so the classic warning of an impending recession is still not here. Here’s a long-term chart: In the chart above, the red line is the 10-year yield, […]

Many Climate Economists Don’t Believe Climate Economic Models

My latest at IER. Some excerpts: As the numbers indicate, 59 percent—a solid majority—[of the 365 peer-reviewed climate economists] thought that climate change would be beneficial for the global economy at least through the year 2025. Moreover, 37 percent of the experts thought that climate change would be beneficial to the global economy until at least […]

Powerball and the Lucas Critique

I realize a few commentators gave a nod to this consideration, but I don’t think they realized just how critical it is. An excerpt: To see the point, suppose the Powerball official jackpot somehow rose to $1.3 trillion, with a lump-sum payout of $806 billion. Running through the same calculations as above, we might get […]

Potpourri

==> Tribute to the recently deceased Florence King. ==> Arnold Kling on Scott Sumner’s book. ==> I write about Ryan Gosling’s shorts. ==> An interview I did yesterday about Austrian economics and the financial markets. ==> Scott Adams, the Dilbert creator, has had some very interesting posts on Trump. I haven’t seen anyone else analyze […]

Music City Friends of Liberty Pay Tribute to the Liberty Movement

Here you go kids, this should get you fired up for the New Year at work:

The Fed’s (Belated) Birthday

This ran on the actual anniversary, but I think I forgot to post it here. Anyway, my take in the Daily Caller on the Fed.

Tackling Ted Cruz

In my latest piece at Mises.org I take on the notion that the Fed’s announcement of “tight” money in the summer of 2008 is ultimately to blame for the financial crisis. I am running around with holiday travel but hopefully by the weekend I will return to my earlier post (here on the blog) about […]