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More silliness from the tin foil hat Austrians

More silliness from the tin foil hat Austrians

I love reading the normally good blog posts on freebanking.org written by clever economists such as George Selgin and Kurt Schuler. However, the Facebook page of freebanking.org very often fails to live up to the same good standards as the blog. In fact most updates are what I consider to be internet-Austrian nonsense.

Fama, Shiller and Billy Beane - A Nobel Prize in Baseball

Fama, Shiller and Billy Beane - A Nobel Prize in Baseball

A couple of days ago it was announced that Eugene Fama, Lars Peter Hansen and Robert Shiller had been awarded the Nobel Prize in economic for their contribution to the understanding of asset prices.

The mother of all sudden stops - lessons from the 1930s

The mother of all sudden stops - lessons from the 1930s

I really never understood why most economists study so little economic history as they tend to do, but it is a fact that most professional economists are quite uneducated when it comes to economic history.

Laos is facing an old-fashioned balance-of-payment crisis

Laos is facing an old-fashioned balance-of-payment crisis

I am writing this while I am vacationing with the family in Thailand. However, in a couple of weeks we will be heading to Laos where my wife has worked for a number of years.

David Laidler should be awarded the Nobel Prize in Economics

David Laidler should be awarded the Nobel Prize in Economics

My biggest wish for the Autumn is that David Laidler will win the Nobel Prize in Economics next week for ...

Money and DSGE models - a few good papers

Money and DSGE models - a few good papers

In this very good recent interview with the always extremely insightful David Laidler on Russ Robert's Econtalk David rightly highlights the problem that money disappeared from macroeconomics during the 1990s with the development of DSGE models.

Ignore the shutdown

Ignore the shutdown

Market Monetarists have a tendency not to get all worked up about fiscal issues. I guess the same goes for the discussion about a possible US government shutdown.

Cato Institute says Denmark is more economically free than the US

Cato Institute says Denmark is more economically free than the US

The Cato Institute and Fraser Institute have published their annual report on Economic Freedom of the World. As always it is interesting stuff. One can of course always debate the methods used to rank different countries in Economic Freedom ranking, but I nonetheless think it gives a pretty fair description of the overall tendencies.

Abe should repeat Roosevelt's successes, but not his mistakes

Abe should repeat Roosevelt's successes, but not his mistakes

There is more good news from Japan today as new data shows that core inflation rose to 0.8% y/y in August and I think it is now pretty clear that the Bank of Japan is succeeding in defeating 15 years' of deflation. Good job Mr. Kuroda!

Macroprudential follies and procyclical central bankers

Macroprudential follies and procyclical central bankers

A couple of days ago I came across an article from Bloomberg, which I think is very telling about everything which is wrong about the recent hype about macroprudential policies.

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