Category Archives: Boom & Bust
Robert Murphy explains the graph and argues for Hayekian macro and against Scott Sumner here.
How pseudo-science wrecked Wall Street — Nassim Taleb’s testimony before the House of Representatives
The pseudo-science of “measured risk” — Nassim Taleb’s testimony before the House Committee on Science and Technology, Sept. 9, 2009. As I’ve said before. Blame the economists.
Here. Yes, Virginia, the central banks and housing policy did have something to do with the Bush/Obama depression. One wonders what kind of wing nut could have believed otherwise. Oh. UPDATE: Peter Boettke: “Krugman is not a political economist, he … Continue reading
Jerry O’Driscoll explains how a competent understanding of the phenomena requires Hayekian thinking.
And the Fat Man. A parable for our times.