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”
Tag: Paul
FU! I Mean, EU!
It looks as if the EU rescue of Greece in particular, but then the de facto bailout of Spain, Portugal, Ireland, Italy, and Hungary has mostly been… Read more “FU! I Mean, EU!”
Assorted Links
Remember how I said that monetary instability could become part of the institutional framework of even advanced economies? Read on. Anyone care to bite the bullet on… Read more “Assorted Links”
Picking Nits
On the whole, I agree todays editorial written by Paul Krugman. In the past, when discussing the issue of Wall Street banks vs. ratings agencies, I have… Read more “Picking Nits”
You Were Not Invited
Ever wonder what it would be like to have Paul Krugman throw a party and then not invite you? Well that happened to me, today…but since I… Read more “You Were Not Invited”
Pleasantries
It is not often that I agree with the the way Paul Krugman envisions the world, at least superficially — or through the lens of politics. However,… Read more “Pleasantries”
Problem of Concept
***If you would like to avoid confirmation bias, please take a look at, and study both images below (in new windows!) before reading this article.*** Oftentimes people… Read more “Problem of Concept”
Entropy and Economics: Agglomeration
In the course of this series, we laid out the foundations of — and rationale for — adapting and applying the concepts of entropy to economic analysis.… Read more “Entropy and Economics: Agglomeration”
Hypothetical Criticism
I have gotten absolutely zero criticism for my “Liquidity Traps are for Suckers” post. So instead of responding to actual criticism, I’m going to respond to a… Read more “Hypothetical Criticism”
Liquidity Traps are for Suckers
I intend this to be a two part series: the first will outline some recent commentary on liquidity traps and how taken together, the signify a larger… Read more “Liquidity Traps are for Suckers”