Blog Profile / EconLog

Filed Under:Business & Finance / Economics
Posts on Regator:4885
Posts / Week:12.3
Archived Since:March 2, 2008

Blog Post Archive

When the Fed ignores the market

(October 3, 2015 02:17 PM, by Scott Sumner) Market forecasts are often wrong. But they remain the least bad way we have of predicting the future. In the past, we've paid a heavy price when the Fed ignored market forecasts. In September 2008, the TIPS markets predicted very... (0 COMMENTS)

Saturday Morning Video: Love Gov on Government Spying

(October 3, 2015 12:16 PM, by David Henderson) This morning I watched the final short video in the 5-part Love Gov series. Now that I've seen them all, I would rank them, from top to bottom, 1, 2, 5, 3, 4. In this one, Alexis finally develops some... (0 COMMENTS)

A snapshot of Portugal

(October 3, 2015 10:20 AM, by Alberto Mingardi) In the Wall Street Journal Joseph Sternberg has a thorough op-ed on Portugal, which is heading to a national election tomorrow. No party comparable to the Spanish "Podemos" or the Greek "Syriza" has emerged in Portugal that may have a... (0 COMMENTS)

Missing the big picture

(October 2, 2015 02:00 PM, by Scott Sumner) I've done scattered posts discussing the flaws in alternative approaches to monetary economics. Here I'd like to try to show some underlying themes in these critiques. I'll briefly discuss 4 common myths: 1. The trade view 2. The fiscal view... (0 COMMENTS)

My Simplistic Theory of Left and Right

(October 2, 2015 12:06 AM, by Bryan Caplan) A few weeks ago, Robin Hanson posed a lunchtime challenge: What is the difference between Left and Right? The point of the question, of course, is not to explain how every self-styled leftist differs from every self-styled rightist. The point... (0 COMMENTS)

The Catalonian secession and the EU

(October 1, 2015 07:54 AM, by Alberto Mingardi) The Catalonian regional election was won by the separatist parties, which are now heading towards independence following their leader, Presidente Arturo Màs. This would create much trouble at the national level. The Partido Popular of Mr Rajoy perhaps hasn't reacted... (0 COMMENTS)

Betting, Liberty, and the Status Quo

(October 1, 2015 12:00 AM, by Bryan Caplan) I claim that betting stifles hyperbole, the fuel of Big Government. In this sense, my Betting Norm has an underlying libertarian agenda. One could object, however, that killing hyperbole is a double-edged sword. Sure, it deprives statists of the chance... (0 COMMENTS)

De Rugy et al on Export-Import Bank: Good Article, Wrong Title

(September 30, 2015 05:01 PM, by David Henderson) In the latest issue of Econ Journal Watch, economists Veronique de Rugy, Ryan Daza, and Daniel B. Klein have an article titled "Why Weren't Left Economists More Opposed and More Vocal on the Export-Import Bank?" It's a good article but... (0 COMMENTS)

Please stop talking about banking

(September 30, 2015 01:16 PM, by Scott Sumner) For seven years I've been trying to discuss monetary policy, and commenters (mostly at MoneyIllusion) keep wanting to bring up a completely unrelated topic---banking. Monetary policy works though the hot potato effect, and banking is no more essential to the... (0 COMMENTS)

What's Libertarian About Betting?

(September 30, 2015 12:06 AM, by Bryan Caplan) I'm a libertarian and a betting man. Is there any connection between the two?The facile answer is that "Reality has a well-known libertarian bias." On some level, I believe this. But it's a subtle, long-run bias. Confidently betting on libertarian... (0 COMMENTS)

Concrete steps for Mr. Cochrane

(September 29, 2015 10:45 AM, by Scott Sumner) John Cochrane has a post on Japan's long period of near-zero CPI inflation, and then adds this footnote: Update David Beckworth on the same topic. I'm less of a NGDP target fan. It's like saying all the Chicago Cubs need... (0 COMMENTS)

About those wacky libertarians

(September 28, 2015 02:30 PM, by Scott Sumner) Will Wilkinson has a post discussing libertarianism. He points out that many libertarians are disdainful of politics. They tend to be ideological purists who are so anti-government that they are reluctant to get involved in the rough and tumble of... (0 COMMENTS)

Nobility Defined

(September 28, 2015 12:25 AM, by Bryan Caplan) I occasionally describe people as "noble." What do I mean by it? In slogan form: "He would rather be wronged than do wrong." The noble, as I use the term, hold themselves to exemplary standards of thought, word, and deed.... (0 COMMENTS)

Henderson on Goodman on Obamacare

(September 27, 2015 04:54 PM, by David Henderson) If you think that the Patient Protection and Affordable Care Act (ACA, also known as Obamacare) is bad because of its expense, the distortions it causes in the labor market, its failure to provide people what they really want, and... (0 COMMENTS)

Our bizarre system of taxing capital

(September 26, 2015 11:40 AM, by Scott Sumner) It's difficult to think of a more bizarre and foolish policy than the practice of taxing capital. Consider: 1. If it were appropriate to pay taxes on capital gains, why wouldn't it be appropriate to pay negative taxes on capital... (0 COMMENTS)

Friday Night Video: Government Goes House Shopping

(September 25, 2015 06:38 PM, by David Henderson) This is the 4th in the series of Love Gov. For some reason that I can't put my finger on, I didn't like it as much as the first 3. But I still liked it a lot. It's possible that... (0 COMMENTS)

Japan adopts an NGDP target

(September 25, 2015 11:30 AM, by Scott Sumner) Marcus Nunes points to a report that Japan has adopted an NGDP target: Japanese Prime Minister Shinzo Abe vowed on Thursday to raise gross domestic product by nearly a quarter to 600 trillion Japanese yen ($5 trillion), pledging to refocus... (0 COMMENTS)

Innumeracy Illustrated

(September 25, 2015 12:10 AM, by Bryan Caplan) I've come across the world's funniest probability illustrations. Talk about "it's funny because it's true." Samples:Read the whole thing. And repent!HT: The noble Vipul Naik... (0 COMME...

Minimum Wage Debate: Meer versus Galbraith

(September 24, 2015 10:30 AM, by Bryan Caplan) Video of Jonathan Meer's debate with James Galbraith on the minimum wage is now up! Enjoy.... (0 COMMENTS)

The Center Will Hold: I'll Give You 10:1

(September 24, 2015 09:46 AM, by Bryan Caplan) Since there appear to be zero takers for my latest bet, I hereby up the odds I'm offering to 10:1. Thus, if you Paypal me $x, I will send you $11x if the bet goes in your favor. This provides... (0 COMMENTS)

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