r < g

r<g is an essay on the question whether r<g means the government can borrow and not worry about repaying debts. No.  Abstract: A sit...

Fiscal theory of the price level draft

The Fiscal Theory of the Price Level  is a book I'm writing on that topic. It now has a full draft, here .  Comments, typos, suggestions...

Econtalk on virus

About a month ago, Russ Roberts and I had a great conversation about virus, vaccine, and tests for the Econ Talk podcast, and the free marke...

Lipson on basic decency

Why are people gloating over Rush Limbaugh’s death?  Charles Lipson writes   The gloating over Rush Limbaugh’s death ought to shock the cons...

Institutional culture

Arnold Kling has an intriguing series of blog posts  on the nature of universities and other institutions that are, as he says, cancel-bait....

Vaccine math. $500 per shot?

I'm reading up on the $1.9 trillion "stimulus." This caught me eye :  Biden's plan would set out $160 billion for a nation...

Test snafu

Wouldn't it be nice if there were a $5 test that works in minutes, and can find asymptomatic people who might transmit covid? Imagine ho...

The wages of stimulus

  Discussing stimulus, a colleague passed along a factoid -- wages and salaries, he said,  are running $20 billion a month or $240 billion a...

Inflation issues

  In analyzing whether inflation is coming, Mickey Levy at Berenberg Capital passes along the above graph. These are price indices, so the ...

A modest proposal for vaccine rationing

A mid-20s child of a good friend just got the vaccine. Why? He runs a micro-brewery, which his state deemed "essential," because i...

Trading halts and game over

David Battan writing in the WSJ brings come clarity to Robin Hood's trading stop.  It raises some questions for me, however. Much of th...