Shameless Self-Promotion

Archive for Shameless Self-Promotion

“NGDP” Is An Artificial Construct Invented By Economists

Don’t let Scott Sumner tell you otherwise. The meat from my latest Mises CA post: Regardless of the usefulness of (nominal) GDP as an economic statistic, Scott Sumner (and perhaps some of his fellow Market Monetarists) are incorrect when they lead their readers to believe that this is a “raw” empirical fact, which requires no […]

The Case Against Rent Control

Actually, that’s a bit presumptuous. Let’s just call it a case against rent control, which I wrote for the Freeman. An excerpt: There are further, more insidious problems with rent control. With a long line of potential tenants eager to move in at the official ceiling price, landlords do not have much incentive to maintain […]

I’ve Solved the Climate Debate!

Based on progressives’ reaction to the US/China pledge. Details here.

Martin Wolf, Closet Austrian?

Is this from the FT or the Peter Schiff show? Huge expansions in credit followed by crises and attempts to manage the aftermath have become a feature of the world economy. Today the US and UK may be escaping from the crises that hit seven years ago. But the eurozone is mired in post-crisis stagnation […]

Jeff Deist Interviews Me

For the podcast for the Mises Institute. We mostly talk about financial markets and the Fed.

The Vacuity of Scott Sumner’s Approach to Monetary Policy

My latest at Mises CA, sparked by Scott responding to Tyler Cowen on “causality.” The punchline: …I want to point out an odd feature of Sumner’s worldview, which partly explains why it is (arguably) vacuous as an “explanation” of recessions. For the sake of argument, suppose Janet Yellen announces next Monday: “I have been reading the […]

The Importance of Sound Money

My talk at the Acton Institute:

Last Call for Acton Institute Lecture

Just a reminder, tomorrow (Tuesday) I’ll be giving a 12pm lecture on “sound money” at the Acton Institute. It’s my first time and the place is really impressive (I toured it today). If you’re in the Grand Rapids area, come check it out. Much better use of your time than voting.