About Austrian economics
I find Steve Horwitz, along with George Selgin (prominent advocate of free banking and supporter of a productivity norm [pdf] for monetary policy), the most accessible of contemporary Austrian school...
View ArticleDebt and boom
The slogan for this post is: don’t think debt, think safe assets. (This post is partly provoked by this post by Paul Krugman responded to by Scott Sumner and by Marcus Nunes.) In my Debt, Doom and...
View ArticleNetworked zealotry
A feature of the internet has been the growth of networked zealotry; where intensely held attitudes are expressed in overheated rhetoric and ad hominem abuse, not as solitary aberrations (though that...
View ArticleThey did it again
One of my basic analytical principles is that things reveal their nature in history (including the history that has not happened yet — that is, what has happened is not the sum of possibilities). If...
View ArticleBilbo baggage
The further back you can look, the further forward you are likely to see. Winston Churchill. With the release of the first film of The Hobbit trilogy, An Unexpected Journey, the blogosphere is rife...
View ArticleCheck your expectations (3) Milton Friedman not going far enough
Milton Friedman’s 1967 Presidential Address (pdf) is something monetary economists regularly say anyone interested in monetary economics should read. Having recently read it, I have come to the...
View ArticleBubble trouble: about asset booms and busts
Assets are items that produce income or retain value across time periods. Gold is a pure store-of-value asset, as it produces no income. Bonds are pure income assets, as they have no value apart from...
View ArticlePutdowns with style — economists’ version
I was very chuffed when my favourite econblogger made one of my comments the centrepiece of a post. That is a prominent economist being nice. Then there are economists engaged in public putdowns. In...
View ArticleRonald Coase (1910-2013)
I was intending to make this my Wednesday post for last week, but my iPad ate my draft in Pages (it will not open or email the document: any suggestions for getting to the document would be welcome)....
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