So Are You Fed Up Yet? I Am

Lynne Kiesling Another reason I’ve been staying away from the computer over the holidays is that between the Senate health care bill process, the futilely constructivist quest for government policy to stimulate the economy, proposals for financial regulation, and the craven stupidity of TSA policy proposals after the Christmas day bomb failure, I am fed … More So Are You Fed Up Yet? I Am

The Devil’s Dictionary Meme Applied to Climate Politics and to Financial Markets

Lynne Kiesling Ambrose Bierce’s Devil’s Dictionary is a true literary gem. Also known as the “cynic’s word book”, it complies witty and biting definitions that Bierce contributed to magazines starting in the 1880s, with all of the bluntness and prejudices that you would expect (in other words, if Bierce were writing today he’d certainly offend … More The Devil’s Dictionary Meme Applied to Climate Politics and to Financial Markets

Calomiris on Econtalk

Lynne Kiesling If you aren’t listening to EconTalk (and you should be, it’s wonderful!), you will miss Russ Roberts talking with Charlie Calomiris about financial crises. Truly, simply, unequivocally outstanding. Charlie brings the perspective of an economic historian along with his prodigious background in macroeconomic theory and his deep institutional knowledge about banking history. Almost … More Calomiris on Econtalk

Eichengreen on How Economists Went Astray

Michael Giberson When Paul Krugman wrote about “how economists got it wrong” in the New York Times Magazine, after a few preliminary remarks the story became all about Keynes, Keynesians, and New Keynesians.  By my count the name “Keynes” or some variant of it shows up over 50 times in the essay. He talks a … More Eichengreen on How Economists Went Astray