RdanQuick look at the new template, unfinished form. Any wishes? [...]
I had lunch last week with Rolfe Winkler, who is an up and comer in the blog world, a thinking man’s Felix Salmon.
He is similarly annoyed with St. Warren — but rather than engage in my sophmoric venom spew, he went to the spreadsheet to discover that Buffet owns [...]
Can you make a dirty state embrace green legislation?
LAST week, Brookings scholars published the results of an effort to calculate the average expected cost of a climate change bill by metropolitan area. The authors noted that lower emission reduction costs tended to be found in the districts of [...]
Pretty please, can we have some inflation?
YESTERDAY, I linked to a Paul Krugman post in which he links to an old piece of analysis he wrote on the Japanese economy in 1998, in which he says:To preview the conclusions briefly: in a country with poor long-run growth prospects [...]
The subtitle is An Anarchist History of Upland Southeast Asia and the author is James C. Scott of Yale University. Here is a summary from the Preface:
...I argue that the [Southeast Asian] hill peoples are best understood as runaway, fugitive, maroon communities who have, over the course of two [...]
Something in the China-America relationship has to give
THESE stories are increasingly troubling:China denounced new U.S. anti-dumping duties on steel pipes as protectionist on Friday and opened an investigation into imports of U.S.-made automobiles, about a week before President Barack Obama is scheduled to arrive for a visit. Beijing [...]
This is way too funny:
>
The Daily Show With Jon Stewart Mon – Thurs 11p / 10c The 11/3 Project www.thedailyshow.com Daily Show|Peter Boettke|
The insightful and always intellectual curious and amazingly energetic Anthony Evans provides this link from FT.com.
[...]
Randall Forsyth steps in occasionally for the Up and Down Wall Street column when Alan Abelson is on vacation or otherwise indisposed. He writes with a similar skepticism, perhaps not as dark as Abelson’s, his prose sparer, a tad less purple.
Beyond the literary mechanics, however, Forsyth’s grasp of all that [...]
The headline unemployment figure released by the Bureau of Labor Statistics (BLS) yesterday was 10.2%. However, the broader U.6 measure of unemployment, capturing short-term discouraged workers (those that have quit looking for a job within the last year) rose to 17.5%.
Shadowstats.com's SGS-Alternative Unemployment Measure rose to 22.1% in' [...]
I dag publicerar SvD Näringsliv en viktig artikel om hur riksbanken har givit bort mer än 600 miljoner kronor av våra pengar till svenska banker. Så här gick bankrånet till:
För två veckor sedan lånade riksbanken ut 100 miljarder kronor till banker som SEB, Nordea och Swedbank. Bankerna får [...]
Due to an unexpected outbreak of rationality (and perhaps embarrassment), the Treasury department has rejected requests of Goldman Sachs and Berkshire Hathaway to purchase Tax Credits from Fannie Mae.
This paper transaction would have provided precisely zero value to the taxpayers, and allowed these firms to add to the piles of [...]
Last week while voters in some states were making ballot choices about taxes, Californians were dealing with a tax decision that had already been made for them.
As part of the budget deal struck months ago to keep the Golden State operating, lawmakers approved a 10 percent increase in [...]
|Peter Boettke|
Paul Krugman provides his take on the Beckworth graph showing the collapse of nominal spending and relates it to his 1998 work on Japan. The upshot, monetary policy will not produce the desired effect in our current situation. Scott Sumner responds and continues to push his position [...]
Here’s a letter that I sent this morning to the Wall Street Journal:
Kudos to Mark Spitznagel for drawing attention to the important but neglected work of the late Ludwig von Mises (”The Man Who Predicted the Depression,” Nov. 7).
But while Mr. Spitznagel is correct that Keynesians ignored Mises’s [...]
Just a taste of the presentations that you can find at ASSC:
Uncertainty and the Role of Bureaucratic Management within the Firm by
David Gernhard (Grove City College)
A Combinatorial and Praxeological Exploration of the Economic Calculation Problem by
Abhinandan Mallick (University of Birmingham)
From last evening in the Wall Street Journal, a very good piece. Nothing new for readers of Mises.org but still very encouraging.
The Man Who Predicted the Depression
Ludwig von Mises explained how government-induced credit expansions led to imbalances in the economy.
By MARK SPITZNAGEL
Ludwig von Mises was snubbed [...]
There are many variants of my favorite introductory economics textbook. For American students, there are five versions, each with different subset of chapters, so every instructor can find one that best suits his or her course. Students abroad can use one of these or pick [...] 1. The vote to defund political science: how it went.
2. Jason Kottke doesn't read books anymore.
3. "Food rewards obsessiveness," the best eater in the United States. The full article is gated (the link offers only an excerpt), so buy the 9 November New Yorker. I don't usually [...]
Caroline Hoxby reports:
This paper shows that although the top ten percent of colleges are substantially more selective now than they were 5 decades ago, most colleges are not more selective. Moreover, at least 50 percent of colleges are substantially less selective now than they were then. This paper demonstrates that competition for space--the [...]
The Glide Path Option
November 6, 2009
From McSweeney's. Sample:
Horatio thinks he saw a ghost.
Hamlet thinks it's annoying when your uncle marries your mother right after your dad dies.
The king thinks Hamlet's annoying.
Laertes thinks Ophelia can do better.
Hamlet's father is now a zombie.
[...]
| Peter Klein |
The grad students in my department recently cleaned up their student lounge. Some wag, remembering a line from my course — Coase’s famous dismissal of the “old” institutional economists — tagged a stack of papers thusly:
Posted in - Klein -, New Institutional Economics [...] On an average day, two pedestrians are killed by motor vehicles in the UK.
Only two pedestrian per year are killed by bicycles, almost always on the road.
On pavements and verges, motor vehicles kill around [...]
I am going to start with an orthodox monetarist approach, make one trivial semantic change, and see how far I can get in deriving Neo-Chartalist results. The semantic change is to change what I mean by "fiscal policy". It's an unconventional definition of fiscal policy, from a monetarist [...]
On an average day, two pedestrians are killed by motor vehicles in the UK.
Only two pedestrian per year are killed by bicycles, almost always on the road.
On pavements and verges, motor vehicles kill around [...]
As a result of the statistical "growth" in the GDP, the St. Louis Fed can now mark a little white space on its graphs, but it looks a bit silly here:
[...]
