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Welcome on board James Pethokoukis

Welcome on board James Pethokoukis

Take a look at these articles from the American Enterprise Institute's James Pethokoukis:

Friedman, Schuler and Hanke on exchange rates - a minor and friendly disagreement

Friedman, Schuler and Hanke on exchange rates - a minor and friendly disagreement

Before Arthur Laffer got me very upset on Monday I had read an excellent piece by Kurt Schuler on Freebanking.org about Milton Friedman's position on floating exchange rates versus fixed exchange rates.

Arthur Laffer you're embarrassing yourself

Arthur Laffer you're embarrassing yourself

During George W. Bush's years as president I most say that I lost a lot of respect for Paul Krugman. It was very clear that he was suffering from what Charles Krauthammer called the "Bush Derangement Syndrome" (BDS). BDS undoubtedly made Krugman write crackpot articles about all kind of subjects. Krugman for example on numerous occasions has argued in favour of protectionism - something the pre-Bush Krugman would never have done.

Guest post: Yes Lars, inflation is always and everywhere a monetary phenomenon (By Jens Pedersen)

Guest post: Yes Lars, inflation is always and everywhere a monetary phenomenon (By Jens Pedersen)

Guest post: Yes Lars, inflation is always and everywhere a monetary phenomenon

Cochrane's inconsistencies

Cochrane's inconsistencies

I just came across a couple of weeks old post from John Cochrane's blog. Cochrane seems to be very upset about the calls for easier monetary policy in the euro zone. Let's just say it as it is. Even though Cochrane is a professor at the University of Chicago he is certainly not a monetarist. It is sad how the University of Chicago has totally abandoned its proud monetarist traditions.

Finding wisdom in letters to The Economist

Finding wisdom in letters to The Economist

It is always a pleasure to read The Economist. Normally, however, I do not find the letters to the editor especially interesting. However, when I picked up this week’s edition of the magazine today I stumbled on an interesting letter from Paul DeRosa. Mr. DeRosa writes about what Milton Friedman might have thought of the present crisis.

The luck of the ‘Scandies’

The luck of the ‘Scandies’

This week we are celebrating Milton Friedman’s centennial. Milton Friedman was known for a lot of things and one of them was his generally skeptical view of pegged exchange rates. In his famous article "The Case for Flexible Exchange Rates" he argued strongly against pegged exchange rates and for flexible exchange rates.

Dear Milton

Dear Milton

Happy birthday. I am sure that you are celebrating it with your beloved wife Rose in economist heaven.

Remember when economists were writing books about sumo wrestlers and pirates?

Remember when economists were writing books about sumo wrestlers and pirates?

I just took out a few books from my bookshelf. What do you think when you see the titles of these books:

Forget about East African Monetary Union - let the M-pesa do the job

Forget about East African Monetary Union - let the M-pesa do the job

It is not only in Europe that the idea of currency union has considerable political backing. This is certainly also the case in Africa. In fact there is already de facto a currency union (officially two currency unions) in Central and Western Africa in the form of the two CFA franc zones. Furthermore, there are also discussions about currency unions in Eastern Africa and in Southern Africa.

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