ALL BLOG POSTS
I have always wanted to promote the work of young scholars on this blog and have been grateful that a couple of gifted young economists have published guest posts on this blog. I want to continue that "tradition" and I am therefore happy that Garrett Watson - a student of Steve Horwitz at St. Lawrence University - has accepted my invitation to write a guest post for my blog.
Let me just quote Steve Horwitz's latest Facebook update:
Today I have been in Oslo, Norway for client meetings. The topic on the agenda is Central and Eastern Europe and particularly the investment climate in South Eastern Europe. That gives me reason to discuss a favourite topic of mine – “regime uncertainty – as defined by Robert Higgs - and why the present lacklustre recovery in the US economy is unlikely in anyway to be related to such regime uncertainty.
This is Paul Krugman on the effectiveness on fiscal policy and why fiscal "stimulus" will in fact not be stimulative:
I am in Lithuania at the moment and today I spoke at the Baltic Investment Forum. Here is a report on what I said - it is mostly a fair description of what I actually said. If you don't bother to read the conclusion is the following: Easier monetary policy, fiscal consolidation and structural reforms.
This Working Paper from Mercatus Center is highly recommendable, but I am particularly proud of footnote 28:
Dear friends if you like to read my blog posts you will have to thank Scandinavian Airlines for this one. I am stuck in Heathrow Airport for now. Cancellations and delays of my flight from London to Copenhagen mean that this has been a rather unproductive day. However, that is part of the life as a traveling standup comedian/economist - we spend a lot of time in airports. Today, however, has been a bit too much - particularly taking into account that my next trip will be on Wednesday.