Monthly Archives: March 2015

Online Self-Education: The Bigger, Closer Library

When I was in college, I sometimes went to the library just to browse and learn. I might pick a book or journal off the shelf, read something, see a reference to something else, go read that, and so on. … Continue reading

Posted in Economics of Education, Tyler Cowen is my Favorite Blogger | 11 Comments

Keen vs. Krugman

The controversy flared three years ago. The issue is whether banks are special because they can create deposits “out of thin air.” The formative exposure that I had to this issue–and I would bet that the same goes for Krugman–is … Continue reading

Posted in Monetary Economics, PSST and Macro | 3 Comments

Conservatarian Dilemmas 3: Israel

This is my third and final post prompted by the dialogue between Nick Gillespie and Charles C.W. Cooke. The issue is foreign policy, and although they did not discuss Israel, I think that it is about that country that conservatives … Continue reading

Posted in books and book reviews, Politics, Three-Axes Model | Tagged , , | 17 Comments

Conservatarian Dilemmas 2: Social Issues

This is the second of three posts inspired in part by the dialogue between Nick Gillespie and Charles C.W. Cooke. The social issues that I have in mind are drugs, abortion, and gay marriage. Some thoughts. From the civilization-barbarism perspective, … Continue reading

Posted in David Brooks, Three-Axes Model | Tagged , , | 11 Comments

Conservatarian Dilemmas 1: Immigration

This is the first of a series of three posts, inspired by several things, but primarily by a dialogue between Nick Gillespie and Charles C.W. Cooke. I will be referring to the three-axis model, as described in my e-book The … Continue reading

Posted in Three-Axes Model, trade and immigration | 40 Comments

Yuval Levin on Conservative and Libertarian

He writes, Successful lives in the postwar era involved effectively navigating our large institutions and making the most of the benefits they offered. Success in the coming era will increasingly involve effectively navigating a profusion of smaller networks, and a … Continue reading

Posted in Uncategorized | 2 Comments

Don Boudreaux on Exit and Voice

He writes that it is a “weird notion” to believe that if each individual can, on his or her own, choose which offerings of private businesses to accept and which to reject, and all without having to coordinate these choices … Continue reading

Posted in Libertarian Thought | 11 Comments

What I’m Reading

MIT and the Transformation of American Economics, edited by E. Roy Weintraub. David Warsh cited it and I blogged on Warsh about ten days ago, talking about how other universities’ resistance to hiring Jews enabled MIT to surge ahead. I … Continue reading

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

Housing Finance and Recessions

Oscar Jorda and others write, The rapid increase in credit-to-GDP ratios since the mid-1980s was just the final phase of a long historical process. The run-up started at the end of World War II and was shaped by a long … Continue reading

Posted in Housing and housing finance, Mark Thoma is Indispensable, PSST and Macro, Timothy Taylor is my Favorite Blogger | 2 Comments

Genghis Khan Lays Waste to John Taylor

Stanley Fischer said, a simple rule of that sort will, by necessity, leave out many factors that appropriately influence monetary policy, such as financial developments, temporary divergences in relationships between different measures of economic activity or inflation, and the like. … Continue reading

Posted in Mark Thoma is Indispensable, Monetary Economics, PSST and Macro | 1 Comment