Post Profile

Bubblemongers don’t get a second chance

Tyler Cowen recently made this statement: I used to think Bitcoin was a bubble, but I no longer hold this view. Yes, but at the risk of being a pedant I wish he had said the following: I used to think Bitcoin was a bubble, but we now know that this is not the case. […]
read more


Related Posts

Tyler Cowen Doubles Down (Doesn't Know When to Quit Department)

Business & Finance / Economics : Grasping Reality with Both Hands

The right thing for Tyler Cowen to do is to use the strikeout tag and apologize for publishing a misleading graph. That's not what he does: >Tyler Cowen: Real vs. nominal dollars for discretionary spending: Matt Yglesias tweets: >>D...

Is Bitcoin just a bubble?

Academics / Political Science : Marginal Revolution

Some people think so, in the associated video clip Joe Stiglitz says Bitcoin should be banned.  Here is some FT skepticism from Jean Tirole. I used to think Bitcoin was a bubble, but I no longer hold this view.  If nothing else, put...

"Cyclically-adjusted deficit" is not a macroeconomic concept

Business & Finance / Economics : Worthwhile Canadian Initiative

It shouldn't be, anyway. Tyler Cowen says: "These cyclically adjusted measures are useful information and should not be discarded, but I don’t wish to use them as the sole or main or dominant source of information about the stance o...

Moral hazard: If you are not taking socially excessive risks, you aren’t doing your job

Business & Finance / Economics : TheMoneyIllusion

Tyler Cowen recently quoted from a paper by Cheng, Raina and Xiong (in the AER) on the banking crisis: We analyze whether mid-level managers in securitized finance were aware of a large-scale housing bubble and a looming crisis in 2...

With apologies to Tyler Cowen . . .

Business & Finance / Economics : TheMoneyIllusion

This post was triggered by Tyler’s new post: With apologies to Scott Sumner, I say Bitcoin is a bubble. Here’s a Tyler Cowen post from April 26, 2011: Jerry Brito reports: “The arrow notes the date my column on the virtual currency ...


Copyright © 2016 Regator, LLC