Blog Profile / EconLog

Filed Under:Business & Finance / Economics
Posts on Regator:5632
Posts / Week:12.7
Archived Since:March 2, 2008

Blog Post Archive

The Fed's psyche

(July 23, 2016 06:59 PM, by Scott Sumner) Tim Duy always has something thoughtful to say about the Fed. This comment in his latest Bloomberg column caught my eye: But note too that Dudley looks disapprovingly on the 1994-1995 cycle. For policymakers at the Fed, that cycle has... (0 COMMENTS)

Turkey's Failed Coup

(July 22, 2016 09:22 AM, by Emily Skarbek) Reflecting on the recent events in Turkey, Dani Rodrik wrote over at Project Syndicate that he never thought he would see such events "in a country that has come to hate military coups but still loves its soldiers". Knowing little... (0 COMMENTS)

A Numerate Sermon on Terrorism

(July 22, 2016 12:09 AM, by Bryan Caplan) I've long regarded serious fear of terrorism as a sign of deep innumeracy. Deaths from terrorism remain a tiny share of the thousand-odd murders that happen on Earth on an average day. Terrorism is special primarily because people overreact to... (0 COMMENTS)

Peter Thiel on Foreign Policy

(July 21, 2016 05:22 PM, by David Henderson) Thiel, who supports gay marriage, plans to say that although he does not agree with all the policies in the official GOP platform, he believes fighting over cultural issues such as "bathroom bills" is a distraction from more important matters.... (0 COMMENTS)

Noah Smith and Zachary David refute the EMH

(July 21, 2016 12:19 PM, by Scott Sumner) Suppose markets are efficient at pricing assets. And suppose everyone believes they are efficient. In that case (some argue) no one would have an incentive to gather information, and trade on that information. But in that case, speculators and arbitragers... (0 COMMENTS)

I Win My Cruz Bet with Steve Pearlstein

(July 21, 2016 09:09 AM, by Bryan Caplan) In early February, noted journalist and GMU professor Steve Pearlstein bet me $50 at even odds that Ted Cruz would win the Republican nomination. I have now officially won.Why did I make this bet? Simple: At the time, betting markets... (0 COMMENTS)

The Hyperbole of Backlash

(July 21, 2016 12:14 AM, by Bryan Caplan) Tyler tries to cure my immigration backlash confusion, but not to my satisfaction. The overarching flaw: He equivocates between two different versions of "backlash to immigration." Version 1: Letting in more immigrants leads to more resistance to immigration.Version 2: Letting... (1 COMMENTS)

Cleveland Rocks?

(July 20, 2016 03:47 PM, by Amy Willis) I don't know about you, but my feeds are dominated by the RNC in Cleveland this week...I'm not following the circus closely at all...But I do think this is an opportune time to reflect on what economics can tell us... (0 COMMENTS)

A Badly Misleading Title

(July 20, 2016 02:29 PM, by David Henderson) I'm back from my 18-day trip to my cottage in Canada and so, once again, I will be posting almost daily. I hate many things: one of them is price controls and another is badly misleading titles. Three Felonies a... (0 COMMENTS)

Free, good and happy

(July 20, 2016 12:39 PM, by Scott Sumner) Tyler recently linked to a study that used data on happiness in 22 OECD countries (all majority white). Only 6 countries scored above 8.00 in the happiness survey: Denmark: 8.35 USA: 8.32 New Zealand: 8.22 Australia: 8:05 Switzerland: 8.01 Finland:... (0 COMMENTS)

7th Grade: The Homeschooling Experience

(July 20, 2016 12:09 AM, by Bryan Caplan) My sons and I have finished our first year of homeschooling. It was a great success by all vital measures. My two students were vocally much happier than they were in regular school. They also learned vastly more, covering over... (0 COMMENTS)

Uncertain about uncertainty

(July 19, 2016 10:28 AM, by Scott Sumner) I've always been a bit skeptical when people point to "uncertainty" as the cause of economic distress. High unemployment? Uncertainty about ObamaCare! More often, the problem is bad monetary policy, and the only "uncertainty" is just how much NGDP instability... (0 COMMENTS)

Slavery in the Age of Em

(July 19, 2016 12:03 AM, by Bryan Caplan) Robin Hanson:Bryan Caplan made strong, and to me incredible, claims that econ consensus predicts all ems would be fully slaves with no human personality. As he won't explain his reasoning, but just says to read the slavery literature, I've done... (0 COMMENTS)

Zachary David on NGDP futures targeting

(July 18, 2016 08:10 AM, by Scott Sumner) Jim S. directed me to a Zacharay David post criticizing my NGDP futures targeting proposal. He links to my Mercatus paper on the plan, but seems to ignore its contents. Most of the objections that he raised are answered in... (0 COMMENTS)

Observations from Europe

(July 17, 2016 11:22 AM, by Bryan Caplan) Just got back from a month in Europe, where I was a visiting professor at the University of Münster, teaching a short course in Advanced Public Choice. Along the way, we drove to London for the Institute of Economic Affairs... (0 COMMENTS)

Decentralization in Turkey

(July 16, 2016 04:18 PM, by Scott Sumner) I've always been a fan of Swiss-style decentralization. The following is from an Economist article on Turkey: Countries such as India and China have witnessed similar urban explosions, but Turkish cities stand out for also offering an impressive quality of... (0 COMMENTS)

The costs of inflation and recession

(July 14, 2016 10:35 PM, by Scott Sumner) Noah Smith has a good post on the costs of inflation and recession, but I don't quite agree with this: Many people seem to think that inflation and recession are equal, symmetric dangers. This is implicit in the idea of... (0 COMMENTS)

Midweek Musings

(July 13, 2016 05:59 PM, by Amy Willis) Until this week, I hadn't heard of Pokemon Go (I know, I know...But I was on vacation last week.) But apparently, not only is everyone playing it, it's also "everything that is wrong with global capitalism." Seriously? The analogy to... (0 COMMENTS)

The Irish miracle

(July 13, 2016 11:32 AM, by Scott Sumner) There's been a lot of recent discussion of the new GDP statistics out of Ireland, which show 2015 RGDP growth of 26.3% and NGDP growth of 32.4%. Almost everyone agrees that the data is somewhat fishy, but it's not clear... (0 COMMENTS)

Hayek's Views on Emergence

(July 13, 2016 05:32 AM, by Emily Skarbek) In an interesting new paper, my colleague Paul Lewis discusses the origins of Hayek's views on emergence in his work on theoretical psychology and The Sensory Order. Hayek published The Sensory Order in 1952, but he developed the core ideas... (0 COMMENTS)

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