Great minds think alike
This is me back in 2010: The EMH is approximately true; indeed it’s almost impossible for me to imagine any other model of financial markets. ...
Author : TheMoneyIllusion
Last reply to Matt Bruenig
Matt seems to have forgotten to take his meds, as his newest post is one of the silliest I’ve ever read. Here’s an example: War...
Krugman reviews Madrick
Here are the first two paragraphs of Paul Krugman’s review of a new book by NYT writer Jeff Madrick: The economics profession has not, to...
Two big mysteries
Nick Rowe has a post discussing 30 year bond yields in Canada. He begins by quoting from an official at the Bank of Canada: All...
Gallup needs to learn about sunk costs
I’m a sucker for the global “well-being” rankings, so naturally I took a look at the headline that said Panama came in number one. That...
Yglesias on Obama’s missed opportunity
Here’s a great post by Matt Yglesias: But as the country waits to hear the latest announcement from the Fed about how rapidly it will...
China is still reforming
Every once and a while you read articles suggesting that the reform process in China has stopped. Tyler Cowen discussed a book on China by Joe...
Question for David Glasner
Here’s David Glasner: I can envision a pure barter economy with incorrect price expectations in which individual plans are in a state of discoordination. Or...
Williamson on monetary policy and interest rates
In the past, Stephen Williamson has attracted some fierce criticism for his views on the relationship between money and interest rates, specifically some posts that...
Level vs. growth rate targeting
Here’s Lars Christensen: In fact I am pretty sure that if somebody had told Scott in July 2009 that from now on the Fed will...