Monthly Archives: October 2013

The Voice of Authority

Posted on October 12, 2013 by Arnold Kling

Either Google “Charlie Rose Stanley Fischer” or try this link. I am particularly interested in Fischer’s view that (a) the financial crisis had the potential to cause another Great Depression and (b) that the policy responses of the United States … Continue reading →

Posted in Financial Crisis of 2008, Monetary Economics, PSST and Macro | 5 Comments

Is Age the Key Variable?

Posted on October 11, 2013 by Arnold Kling

The Guardian reports, in England, adults aged 55 to 65 perform better than 16- to 24-year-olds at foundation levels of literacy and numeracy. Pointer from Tyler Cowen. Several of his commenters raise the issue that seemed obvious to me: how … Continue reading →

Posted in Economics of Education, Tyler Cowen is my Favorite Blogger | 1 Comment

Brink Lindsey on Growth Prospects

Posted on October 11, 2013 by Arnold Kling

He writes, In the 21st century…all growth components have fallen off simultaneously The number of hours worked per person has been falling secularly. Years of schooling per worker has grown slowly. Capital per worker is growing slowly. And the residual, … Continue reading →

Posted in Growth Causes and Consequences | 4 Comments

The New Keynesian Model: Who Believes It?

Posted on October 10, 2013 by Arnold Kling

John Cochrane has been going after the New Keynesian model. The other day, he linked to a paper by Bill Dupor and Rong Li. They argue that the stimulus did not increase expected inflation, which is a channel by which … Continue reading →

Posted in PSST and Macro | 2 Comments

What, Me Worry?

Posted on October 10, 2013 by Arnold Kling

This year’s “edge” question is what we should be worried about. So far, my favorite is David Berreby. out of the 9 billion people expected when the Earth’s population peaks in 2050, the World Health Organization expects 2 billion—more than … Continue reading →

Posted in Growth Causes and Consequences | Comments Off

Joel Kotkin on Average is Over

Posted on October 9, 2013 by Arnold Kling

in California The swelling number of billionaires in the state, particularly in Silicon Valley, has enhanced power that is emerging into something like the old aristocratic French second estate. Through public advocacy and philanthropy, the oligarchs have tended to embrace … Continue reading →

Posted in income distribution-wealth-poverty | 1 Comment

Suits, Geeks, and Health-care Exchanges

Posted on October 9, 2013 by Arnold Kling

Megan McArdle writes, I predicted in December 2012 that the exchanges would not be up and running on time with minimal knowledge of how the contracts and budgeting were being run, because the administration was being pretty closed-mouthed about those … Continue reading →

Posted in business economics | 9 Comments

Money, Finance, and Nominal GDP

Posted on October 8, 2013 by Arnold Kling

Scott Sumner writes, among other things, there is utterly no reason to presume that “the financial markets will evolve ways to insulate the economy from what the Fed does.” Indeed so far as I know no economist has ever even … Continue reading →

Posted in Monetary Economics, PSST and Macro | 6 Comments

Expressing Libertarian Frustration

Posted on October 8, 2013 by Arnold Kling

Clyde Wayne Crews, Jr. writes, here we are in the 21st Century with Obamacare’s futility characterized as “glitches” and “hiccups” by the Washington Post and NPR. Those aren’t “glitches.” They are, as one title by the great Ludwig von Mises … Continue reading →

Posted in Libertarian Thought | 8 Comments

A Voice of Social Conservatives

Posted on October 7, 2013 by Arnold Kling

I review Robert P. George’s Conscience and Its Enemies. My conclusion: I think that libertarians will find George’s book to be well-reasoned. He usually anticipates the sorts of arguments and concerns that libertarians would raise about his positions as a … Continue reading →

Posted in books and book reviews, Three-Axes Model | 3 Comments