Shameless Self-Promotion

Archive for Shameless Self-Promotion

Interest Does NOT Equal the Marginal Product of Capital, Even in Equilibrium

Oh man, here I’m trying to really be productive. I have even come up with strict limits on my Facebook time. And then Nick Rowe goes and starts posting on capital & interest theory! Here’s the situation in a nutshell. In mainstream economics, it is commonplace for people to say that in a competitive equilibrium, […]

Murphy to Be on Robert Wenzel Show

Next Sunday (not tomorrow), January 13. We’ll be discussing Krugman/DeLong and other things, no doubt. In case you have never heard his interviews, Wenzel is a pitbull.

Inside a Mob Family

I was listening to this Fresh Air interview with the son of mobster Frank Calabrese. The interview was from 2011 but Frank Sr. apparently just died on Christmas, so they re-broadcast it. It’s pretty good stuff; there are details about loan sharking and killing a guy who is wily, etc. The mob movies are always […]

Potpourri

==> 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, […]

Learning From Brad DeLong and Paul Krugman

[UPDATE below.] Rather than have a long series of posts discussing the fallout from my (price) inflation bet with David R. Henderson, I decided to do one comprehensive reply to Brad DeLong and Paul Krugman. I had toyed with not even responding, but two things ruled that out: (1) This isn’t a case of two […]

Krugman-DeLong Smackdown

Oh my gosh, the Great One has jumped in as well. And perhaps he will bring in enough extra ad revenue to pay my obligation to David? This part of Krugman’s post made me literally laugh out loud, such that people in Barnes & Noble gave me the stink eye: “The fact is that while […]

And to All a Good Night

You guys already know about this, but maybe you have someone on your list who’s been naughty and reading Scott Sumner or something. Also, I needed to break up the karaoke videos on my YouTube channel…

Potpourri

==> After reading my scathing critique, David Frum will wish he had added another axis of evil. ==> My interview on MMT matters. I am tough, but I am fair. (?) ==> Jerry O’Driscoll catches something that I noticed too: The Fed’s announcement seems to turn a ceiling into a floor. (HT2 the eagle-eyed von […]