…I would bet against him: So while I also think the Fed has probably been a little too focused on inflation since the experience of the 70s,… Read more “If Noah Smith was A Betting Man…”
Month: January 2013
The Mostest Hardest Choice
Derek Thompson interviews Daniel McFadden on his recent paper, which argues against modeling consumers as rational agents. This question caught my eye: DT: One of the observations… Read more “The Mostest Hardest Choice”
What Does the Market Know that John Taylor Knows that the Market Knows?
John Taylor has a rather baffling article in the Wall Street Journal today where he doesn’t at all make the case against the Fed’s stimulus measures, though… Read more “What Does the Market Know that John Taylor Knows that the Market Knows?”
Yes, SSDI Needs Restructured
Paul Krugman goes on a tear against those who would question Social Security Disability Insurance: If you want to understand the trouble Republicans are in, one good… Read more “Yes, SSDI Needs Restructured”
What about Gasoline?
Jim Tankersley takes Don Boudreaux and Mark Perry to task over at Wonkblog for their selective picking of “basic necessities”: It’s undeniable, and a great thing, that… Read more “What about Gasoline?”
Arnold Kling, Complexity Economist
Here is Arnold: In universities, I would argue that the growth in administrators is symptomatic, not an independent cause. The problem is what is known in the… Read more “Arnold Kling, Complexity Economist”
Relative Prices and Recovery
Welcome back to the blog that started it all for me. I doubt anyone has this blog left on their RSS feed, but this will be my… Read more “Relative Prices and Recovery”