Is a Weak Dollar a Strong Sign? Not So Fast!
Posted in Not So Fast! on 14 October 2009
Stats: 24 views and 4 Comments Readers of George Orwell’s 1984 might recall Big Brother’s claims that “war is peace” or “freedom is slavery.” Orwell was writing a novel, but some of the commentary these days makes me think that elite economists have taken residence in Oceania’s “Ministry of Truth.” Today, the champion—the uncontested champion of Orwell’s ...
Posted in Not So Fast! on 14 October 2009
Stats: 24 views and 4 Comments Readers of George Orwell’s 1984 might recall Big Brother’s claims that “war is peace” or “freedom is slavery.” Orwell was writing a novel, but some of the commentary these days makes me think that elite economists have taken residence in Oceania’s “Ministry of Truth.” Today, the champion—the uncontested champion of Orwell’s ...
The Lowdown on Crude Keynesianism
Posted in Not So Fast! on 15 July 2009
Stats: 18 views and 16 Comments As the economy goes south, we hear calls for a “second stimulus,” most prominently from Paul Krugman, the Nobel-prize-winning economist and New York Times columnist. To argue against further accumulation of government debt and the printing of new money, according to Krugman, is to fall back on “discredited” economic thinking: For ...
Posted in Not So Fast! on 15 July 2009
Stats: 18 views and 16 Comments As the economy goes south, we hear calls for a “second stimulus,” most prominently from Paul Krugman, the Nobel-prize-winning economist and New York Times columnist. To argue against further accumulation of government debt and the printing of new money, according to Krugman, is to fall back on “discredited” economic thinking: For ...
