Monthly Archives: November 2010
David Beckworth gives some reason to believe that Hayek would have supported QE2. And Scott Summers make the case for believing Hayek would have supported monetary easing in Europe.
Ruchir Sharma on the public turn against the Fed. Quotable: monetary activism suffers from the same fundamental flaw as Keynesianism, in that it protects inefficient players instead of injecting renewed vigor into the economy. In a telling statement of the … Continue reading
This act is getting old, and ever more pathetic.
Paul Krugman attempts to play in the big leagues. Quotable: There is a lot of relevant work that Eggertsson and Krugman are unaware of, or are ignoring. Bruce Smith spent his career working on models of credit market frictions in … Continue reading
15% of postal carriers in the U.S. have a college degree.