Tag Archives: fed

Do Americans Increasingly Want to Work Less?


Just a comment to Paul Krugman’s Slackers At The Fed post. I would add that we should also consider whether it makes sense that there should be a permanent secular decline in the labor participation rate – a “sanity check.” … Continue reading

Posted in economics, politics | Tagged , , , , , , | Leave a comment

What is economics good for?


Alex Rosenberg and Tyler Curtain pose this question in an op-ed for the NY Times. They are approaching this issue poorly for three reasons. First, when there is open intellectual debate between people of different ideologies (fresh water vs salt … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

A Heisenberg-ish Pricing Uncertainty Theorem


Krugman pokes fun at Rand Paul endorsing Milton Friedman for FED chairman, since Friedman is neither alive nor an Austrian, though many conservatives don’t realize that. Then he rips into those who believe Hayek wasn’t a liquidationist: I have, incidentally, … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , | Leave a comment

Ron Paul unzips his brain


Ron Paul: “And this idea that some group or some people should know what the proper amount of money should be is sort of presumptuous. You know… you know… I don’t know where they get this knowledge. And, uh, I … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , | Leave a comment