Blog Profile / EconLog

Filed Under:Business & Finance / Economics
Posts on Regator:5706
Posts / Week:12.8
Archived Since:March 2, 2008

Blog Post Archive

Bernanke on the Bank of Japan

(September 26, 2016 10:45 AM, by Scott Sumner) Here's Ben Bernanke on the recent moves by the Bank of Japan: The most surprising, and interesting, part of the announcement was the decision to target the ten-year JGB yield. As I noted in a previous piece on targeting longer-term... (0 COMMENTS)

Binding Arbitration: The Radical Implications

(September 26, 2016 12:09 AM, by Bryan Caplan) Contracts often require signatories to submit to binding arbitration. If a dispute arises, the parties don't go to court; they go to a private arbitrator. This arbitrator, in turn, makes a definitive ruling neither party can refuse. The whole point... (0 COMMENTS)

Both Barrels Blazing? What would that even look like?

(September 25, 2016 10:24 AM, by Scott Sumner) I recently listened to a podcast where David Beckworth interviewed Cardiff Garcia, of FT Alphaville. I agreed with most of the things Garcia had to say, including his observations on the recent growth slowdown. He discussed the way that top... (1 COMMENTS)

The U.S. Postwar Miracle

(September 24, 2016 12:36 PM, by David Henderson) Co-blogger Scott Sumner posted yesterday some interesting facts and figures about the post World War II economic boom in the United States that came after the U.S. government cut government spending massively. I wrote a study on this for Mercatus... (2 COMMENTS)

Can the economy handle a 20% fiscal contraction (at near zero interest rates?)

(September 23, 2016 04:59 PM, by Scott Sumner) Here's Matt O'Brien: Libertarian presidential candidate Gary Johnson is a friendly guy, seems pretty moderate. But he could tank the economy. That's what trying to balance the budget all at once would do. Which, of course, is what Johnson says... (1 COMMENTS)

Weekend Grab Bag

(September 23, 2016 02:35 PM, by Amy Willis) Does Karl Marx still matter? Prominent British leftist historian Gareth Stedman Jones says Marx's influence is waning, and that's OK. His new biography aims to put Marx in his proper historical context. Our own Pedro Schwartz is less sanguine,... (0 COMMENTS)

The Humanity of McDonald's

(September 23, 2016 01:29 PM, by David Henderson) If a government agency were as effective, Hilary and Bernie would never let us hear the end of it. Here's a story that John Strong told on Facebook this morning (reproduced with his permission, along with some slight edits): I... (1 COMMENTS)

Paul Romer on Paul Volcker

(September 23, 2016 11:45 AM, by David Henderson) Economist Paul Romer reprints a letter he received from an aspiring graduate student in economics and his response to the reader. There is much that is valuable in the letter. In fact, it's on net valuable. But I will follow... (0 COMMENTS)

Epstein on the EU and Apple

(September 22, 2016 05:20 PM, by Alberto Mingardi) Richard Epstein has an article taking sides with the EU Commission on Apple. Certainly the Commission couldn't have a more eloquent advocate, and Epstein argues forcefully that the Commission "makes a classical liberal argument in favor of free trade across... (0 COMMENTS)

A Community Comes Together

(September 22, 2016 04:16 PM, by David Henderson) Four years ago, I posted about Rolf Penner, a Manitoba farmer who was fighting the Canadian Wheat Board, the government-run monopsony that bought and then resold the wheat produced by western Canada's farmers. My interaction with him led to an... (0 COMMENTS)

Democracy: Trust the system, not the leaders

(September 22, 2016 01:45 PM, by Scott Sumner) Like Bryan Caplan, I have a strong distaste for politicians. Especially this year. But I have a more favorable view of democracy than Bryan does. I see democracy as being superior to all other systems, for standard "wisdom of crowds"... (1 COMMENTS)

Incentives and Get Out the Vote

(September 22, 2016 02:03 AM, by David Henderson) Although I still think Hillary Clinton is likely to win the presidency, both she and some of her supporters are unwittingly undercutting one of her big advantages: her "get out the vote" effort. Clinton is leaving nothing to chance, putting... (0 COMMENTS)

The oil price collapse: Tax cut or reallocation?

(September 21, 2016 05:52 PM, by Scott Sumner) Just about all economists agree that a sudden dramatic increase in oil prices is likely to be bearish for the US economy. Of course that's not always the case (for "never reason from a price change" reasons), but it's usually... (1 COMMENTS)

The Case for Voting

(September 21, 2016 03:18 PM, by David Henderson) As I noted in "My Case for Activism," I found co-blogger Byran Caplan's objection to voting underwhelming. To be fair, he wasn't saying that other people shouldn't vote; rather, he was saying that he found voting "traumatizing." Six days after... (3 COMMENTS)

Archiving, Preservation, and History: Eric Wakin on EconTalk

(September 21, 2016 10:39 AM, by Amy Willis) What does an x-ray of Hitler's skull have in common with a jar of Ronald Reagan's jelly beans? They are both part of the Hoover Institution archives. And they remind us of our human attraction to the material, a... (0 COMMENTS)

Globalization is not the problem, it's the solution

(September 20, 2016 09:47 AM, by Scott Sumner) Here's Dani Rodrik: A Chinese student once described his country's globalization strategy to me. China, he said, opened a window to the world economy, but placed a screen on it. The country got the fresh air it needed -- nearly... (3 COMMENTS)

Value-Added and Social Desirability Bias

(September 20, 2016 12:06 AM, by Bryan Caplan) Chetty, Friedman, and Rockoff's research on teacher value-added is widely interpreted as an argument for giving good teachers a fat raise. Obama's 2012 State of the Union speech practically quotes their abstract: At a time when other countries are doubling... (0 COMMENTS)

Can U.S. Presidents Much Affect the U.S. Economy?

(September 19, 2016 03:46 PM, by David Henderson) One of my favorite newspaper columnists, Steve Chapman of the Chicago Tribune, has written an article titled "Trump's Economic Fraud." It's partly about what the title says it's about but it's mainly about the question I ask in the title... (0 COMMENTS)

The One Way Conservative Students Are More Libertarian Than Libertarian Students

(September 19, 2016 12:01 AM, by Bryan Caplan) Cato's Conservative-Libertarian Debate exit survey is fascinating throughout. The most striking result is on the following question:Q23. Do you favor or oppose a law in your state that would allow businesses to refuse service to customers for religious reasons?Survey says:The... (0 COMMENTS)

Balance Sheet Anxiety (What almost everyone gets wrong)

(September 18, 2016 02:23 PM, by Scott Sumner) The Wall Street Journal has a very interesting story on the BOJ, which faces an important policy decision on Wednesday: Until recently, Bank of Japan Gov. Haruhiko Kuroda managed to keep a fragile majority on the nine-member board in favor... (0 COMMENTS)

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