ALL BLOG POSTS
I have been busy, busy in Dublin today. No time (or energy) for a lot of blogging. But here is a picture of the Irish economy - the Irish price level is down 10% since the end of 2007.
Daniel Lin will be teaching Intermediate Micro - Robert Clower would have told him to be happy about it
See this Facebook update from Daniel Lin who teaches at American University:
The New York Times reports on the Zimbabwe's so-called "coin problem":
This morning I am flying to London so I think it is an excellent opportunity to celebrate the long Danish-British trade relationship.
See this new excellent interview with George Selgin. I think it is harder to find any bigger expert on Free Banking theory and Free Banking history than George. Great stuff - even though I do not agree with everything (yes, believe it of not - I do not agree with everything George is saying).
European news over the weekend:
When policy makers mess around with the price mechanism it nearly always have negative consequences – things certainly gets no better when they do that to “solve” problems created by a failed monetary policy. New York Times has a story that confirms this once again.
One of the most interesting aspects of US monetary policy since 2008 is that while Ben Bernanke certainly is not ignorant of economic history or monetary theory it seems like the Fed under his leadership has not responded nearly as aggressive to the crisis as one should have expected if one from reading Bernanke's academic work. Furthermore, one can question why the Bank of Japan for more than a decade has failed to seriously address the deflationary pressures in the Japanese economy. Similarly why have central banks in for example the Baltic States, Bulgaria and Denmark maintained an unwavering support for keeping their currencies pegged to euro while the euro crisis has continued to escalate?