“Hurricanes Are Nature’s Keynesianism”
I didn’t choose that title for my latest article at The American Conservative–it’s a bit too provocative for my tastes–but I don’t think it’s out of line. I don’t see why our Keynesian friends here...
View ArticleScott Sumner Calls My Bluff on Krugman
Look, if Sumner wants to boast that he knows more about Fed history, or more about ordering in a hibachi restaurant, or more about Swedish apartments, I won’t bat an eye. But in this post (HT2 Daniel...
View ArticleInternet Death Dealers
I really don’t know what to say. Daniel Kuehn isn’t sure, but he thinks he would suppress secessionists “by force” (his term): The point is, it’s traitorous and unconstitutional and clearly does not...
View ArticlePotpourri
==> Nick Rowe agrees with me that Steve Landsburg’s analysis of paying down government debt is only true if we assume perfect certainty. (Steve I think would totally agree, and that’s why I said in...
View ArticleEconStories Attacks Mainstream Obsession With Consumption, Daniel Kuehn Cries...
This is pretty funny, though incredibly geeky: Daniel Kuehn, of course, is shocked that Papola et al. keep kicking this poor strawman. Meanwhile, for my IER job I am looking at this New Yorker piece...
View ArticleKeynes Hearts Saving?
John Papola, creator (with Russ Roberts) of the Hayek-Keynes rap videos and the latest Christmas video, is perplexed that he is getting push-back from people saying he’s setting up a strawman by...
View ArticlePapola Has a Barrel of Ink
Uh oh, I think John took it personally when some people accused him of dishonesty and/or ignorance. (Words hurt, kids.) Remember, the issue here is that John in his latest Christmas video is taking on...
View ArticleStephen Williamson Doesn’t Think He’s in a Cult
This made me chuckle. Here’s the opening portion of a blog post by Stephen Williamson: I thought I would offer some light entertainment today. This Paul Krugman post struck me as perhaps more deranged...
View ArticleMurphy Inflation Smackdown
[UPDATE below.] Brad DeLong unleashes hell on me at his blog for my (price) inflation bet with David R. Henderson. Especially in light of my Les Mis post yesterday, I had thought about either ignoring...
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Learning From Brad DeLong and Paul Krugman
Rather than have a long series of posts discussing the fallout from my (price) inflation bet with David R. Henderson, I decided to do one comprehensive reply to Brad DeLong and Paul Krugman. I had...
View ArticleDaniel Kuehn, Like Krugman, Has Advice to Improve Jon Stewart’s Show
I know a lot of you ask, “Bob, why do you waste so much time on a Keynes-friendly grad student?” But it’s my blog. Go do something “important” on your blog, if you like. Anyway, Daniel rushed to...
View ArticlePotpourri
==> Murray Sabrin has been our man in Cuba. Here’s an article in a series of posts on his visit. ==> Jerry O’Driscoll doesn’t heart Bernanke. ==> John Papola also caught something that I...
View ArticlePotpourri
==> I make a modest point about fracking and federalism. ==> Simon Lester thinks Krugman is up to no good on his post about protectionism, but I don’t really have a dog in that fight. BTW, my...
View ArticleFurther Thoughts on the Minimum Wage
Daniel Kuehn repeated a statement from an Economix blog post, saying that, “In fact, in 2000 only 46 percent of American Economic Association members agreed with the idea that the minimum wage...
View ArticleOthers on the Minimum Wage
==> David R. Henderson writes a neat summary and critique of the Card & Krueger work. (Daniel Kuehn doesn’t get it.) In the comments, Bill Woolsey leaves a fantastic summary of the various...
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More on Minimum Wage
Daniel Kuehn reproduced the following chart from an EPI paper: Daniel had this commentary: It’s an interesting approach. One does wonder why we should expect the minimum wage to be so damaging given...
View ArticleA Different Explanation of the “Productivity” and Wage Divergence
I have not read a single word from the EPI paper claiming that if the minimum wage had followed “productivity growth” it would now be $22/hour, so everything I am writing in this blog post is...
View ArticleA Note on Intellectual Honesty
Look, I feel funny even writing this blog post, like I’m explaining why drowning kittens for sport is not cool, but apparently it is necessary. In his Memoirs, Herbert Hoover explained that after the...
View ArticleRoad to Serfdom? Not on Daniel Kuehn’s Watch
Commenting on the Boston suspect: On this particular case, I don’t want to comment too specifically except to just make a blanket statement that I obviously think Tsarnev should be accorded the full...
View ArticleTwo Views (?) On Using Bets to Test Economic Theories
Back in December, when Brad DeLong said I needed to study at the feet of Krugman because I lost an inflation bet to David R. Henderson, and then Bryan Caplan objected to the tone of the statements,...
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