Inflation options?

  From Torsten Slok at Apollo. Torsten explains Current pricing for caps and floors shows that the market sees a 30% probability that inflat...

Defining inequality so it can't be fixed

In one of their series of excellent WSJ essays, Phil Gramm and John Early notice  that conventional income inequality numbers report the dis...

Testimony on financial regulation and climate change

Update : An expanded and improved version of this post is at city journal , or here (pdf on my webpage )  I had the honor of testifying at t...

Back to the 60s.

Marginal revolution links to a great read on contemporary macroeconomics from J.W. Mason . It's mostly wrong, I think, but very thought...

Hoover Economic Policy seminar online

The Hoover Economic Policy working group seminars are now online for anyone who is interested. Follow the link and click "news and even...

Paper, silver, deficits and inflation -- Chinese history version

A history of paper money and inflation in China, from Edward Chancellor's Wall Street Journal review of Jin Xu's Empire of Silver. ...

Woke wars good and bad news

R.A. Fisher, famous statistician,  is canceled  by Cambridge University, along with a pretty nice stained glass window Bari Weiss has  a tre...

A conversation with Tyler Cowen

Conversation with Tyler podcast interview. Perhaps predictably, the most challenging interview / podcast I've ever done. Video here   a...

Inflation outlook at NRO. 1970s all over again?

Essay on monetary policy in National Review Online .  Short version: The Fed's monetary policy has returned to the intellectual framewor...

Hope at the NYT: Douthat on cancel culture

Ross Douthat in the New York Times doubts that canceling Dr. Seuss is a good idea. That this essay made it in to the Times, of all places,...

Pay toilets and NYT: a free market microcosm

Nicholas Kristof in Sunday's New York Times asks a pressing -- often quite pressing -- question. Why are there no public toilets in Ame...

GoodFellows interview with Ayaan Hrsi Ali

I learned a lot. The book is very interesting. Direct link in case the following embeds don't work.    

What about work or starve?

 A young correspondent posed the following question:  I was wanting to know your opinion on the “work or starve” argument often made my left...

Europe productivity -- and US too

    Source  Stephan Schubert Source: Chad Jones "straight out of the Penn World Tables, and I first learned about it from Lee Ohanian a...

The puzzle of Europe

Here are two unsettling slides I made for a talk. Here is GDP per capita in US, UK, France and Italy and China (2020 dollars, source world b...

Goodman on single payer

With the current focus on "equity" and "disadvantage," even in the midst of a pandemic, one might yearn for the simplici...