How I missed this, I don’t know, but here is Barry Eichengreen on the future of economics textbooks: Will future generations do better? One of the more… Read more “In the Future, I Will Have Been Proven Correct”
Category: Economic History
One M2 to Rule Us All
In a series of articles brought to my attention today, Matthew C Klein has been building the case for separating lending institutions from depository institutions. In Klein’s… Read more “One M2 to Rule Us All”
Notes on Currency and Recession
First up, Matthew Yglesias reports on the situation in Cyprus: That’s not to say that departure from a currency union is the only scenario in which capital… Read more “Notes on Currency and Recession”
There’s Nothing New Under the Sun
“The thing that hath been is that which shall be; and that which hath been done is that which shall be done; and there is no new… Read more “There’s Nothing New Under the Sun”
Lake Atlantic-begone
Another day, another article full of awful commentary relating to that misleading video about “wealth inequality”. Here is Jordan Weissmann: But take note: wealth is extraordinarily uneven… Read more “Lake Atlantic-begone”
(MV=PQ) ≠ QTM
As I noted in an earlier post, I had a conversation with John Aziz regarding the quantity equation. Here is John’s question from Twitter: Why did Milton… Read more “(MV=PQ) ≠ QTM”
Does Dodd-Frank Really End ‘Too Big to Fail’?
Such is the title of this weekend’s Wonkblog article by Mike Konczal. The proper answer to that question is, “Who cares?” Contrary to popular belief on the… Read more “Does Dodd-Frank Really End ‘Too Big to Fail’?”
Slow Recoveries Cause Financial Crises
No, you didn’t read that title wrong. In this post I hope to outline the argument against the view, popularized by Reinhart, Reinhart, and Rogoff, that recoveries… Read more “Slow Recoveries Cause Financial Crises”
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?”
Smackdown! George Selgin Edition
From the comments: Your arguments about currency competition has merit w.r.t. proposals for competing base or fiat monies. It has none w.r.t. competitive supply of redeemable bank… Read more “Smackdown! George Selgin Edition”