Monthly Archives: April 2014

New EconTalk Feature

I only recently noticed that an experimental Continuing Conversation feature on EconTalk. It is like a comments section, but with the comments guided by questions from Amy Willis. My reading of the first two continuing conversations is that they went … Continue reading

Posted in Blog and Comment policy and philosophy | 2 Comments

Which Errors Would You Prefer?

Nick Timiraos reports, some economists, together with policymakers at the White House and Federal Reserve, are warning that mortgage-lending standards have become too restrictive, years after carelessness by lenders inflating the housing bubble. … the Urban Institute, a think tank … Continue reading

Posted in Housing and housing finance | 5 Comments

SNEP: A Spectrum Solution

In Setting National Economic Priorities, the three problem areas are 1. Impediments to labor supply and demand 2. Anachronistic regulatory environment relative to technological change 3. Unsustainable fiscal path Under (2), there is the problem of the FCC and spectrum. … Continue reading

Posted in Setting Economic Priorities | 5 Comments

Spending Our Accumulated Wealth: Who Decides?

Reihan Salam writes, in trying to avoid a doom loop of oligarchy we instead wind up with a doom loop of technocracy, in which elite research universities grow ever larger and more powerful and non-profit organizations press for the expansion … Continue reading

Posted in Libertarian Thought, Reihan Salam is the ultimate wonk | 5 Comments

Reihan Salam on Low-Wage Employers

He writes, McDonald’s and other low-wage employers…are taking on a task that many American families and schools are failing to perform. To put it bluntly, McDonald’s is a company that hires large numbers of people with limited skills, many of … Continue reading

Posted in Reihan Salam is the ultimate wonk, Setting Economic Priorities | 12 Comments

Ryan Decker on Piketty

He concludes, ultimately this is a chart book, with plenty of economic data but very little economics. Pointer from Tyler Cowen. And lest you think that the quoted sentence is a compliment, earlier in the post Decker writes, By referencing … Continue reading

Posted in books and book reviews, Economic education and methods | 2 Comments

Repo and the Financial Crisis, a Follow-Up

My former student writes, I just read the post–thanks. But I now have more questions. Am I slow, or is the repo market really hard to understand? When you talk about the original intent of repo, I have a few … Continue reading

Posted in Uncategorized | 7 Comments

Tyler Cowen’s Best Business Aphorism

From an interview with Nick Beckstead on the topic of existential risk, meaning fundamental threats to the human race. In his view, uploads are just an idea that some people came up with, most ideas don’t work, and most institutions … Continue reading

Posted in business economics, Tyler Cowen is my Favorite Blogger | 3 Comments

Scott Sumner on the German Jobs Miracle

He writes, So what’s the real explanation for the German success? That’s pretty obvious; the Hartz reforms of 2003 sharply reduced the incentive to not work, and sharply increased the incentive to take low wage jobs. As a result, today … Continue reading

Posted in labor market | 3 Comments

Repo and the Financial Crisis

One of my former students asked me about the Gorton-Metrick theory of the financial crisis. I have a lot to say about it. Basically, although I agree that what they call the run on repo is an element of the … Continue reading

Posted in Financial Crisis of 2008 | 2 Comments