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How Milton Friedman Responded to Some Hostile Audience Members

Deposits on the Move

Do banks create money?

“…we had a debate about whether M2 was mean reverting or not. The data says it is.”

MiB: Dominique Mielle, Damsel in Distressed

Where to start reading about women in the classical liberal tradition?

Weekend read – Inflation! The battle between creditors and workers

Weekly Macro Indicators, thru 3/18

Stress

Inconvenient View, Free Press Edition

Wisdom from Thomas Sowell

Market Implied Fed Funds Path, Post-FOMC

Who Deserves Student Loan Forgiveness?

U.S. Bank Failures, 2001 – Present

In Praise of Electricity

Former Bank of Japan governor challenges the current monetary policy consensus

Swedish Inflation: Blame It on Biden!

Is Inflation High? Not According to the Producer Price Index

On fighting inflation

Prosecution of War Crimes: A Sign of Civilization

Transcript: Cliff Asness

What Would Interest Rates Have to Be for Unrealized Losses to Be Zero

Recession Chances: Fed Pause vs. Banking Shock

Financial Market Integration Assessed

Freedom begins with a book.

Open letter to Jeffrey Sachs on the Russia-Ukraine war

Mont Pèlerin 1947 and Germany’s Economy

What is a Bailout?

The way private banks in Australia screw their communities

Rates, Break-evens, VIX & EPU, pre-CS/UBS

Electricity Hell, Part Deux

SVB, SIFIs, Dodd-Frank, EGRRCPA, HQLA and the LCR

Weekly Macro Indicators and Nowcasts on the Eve of SVB

What’s in a Name? Silicon Valley Bank and Who Should Bear the Risk

Is the Future of America Related to Paris Garbage?

Subjective Self-Worth & Division of Emotional Labor

MiB: Cliff Asness, AQR

Mainstream economics — a vending machine view

“So China is now paying us billions of dollars in tariffs”

On the Use and Misuse of Evolved Order

Back in the Real Economy: Business Cycle Indicators, Mid-March

Mario Vargas Llosa’s classical liberalism

Bailing Out SVB Was a Really Bad Idea

Déjà Vu? 2023 is Not 2008

For PubAffr819: What Not to Say as a Policy Analyst

Australian labour market bounces back after two months of gloom – the RBA will not be pleased

Discussing Bank Contagion with Pete Dominick

Banking Turmoil: Deregulation vs. Monetary Profligacy (vs. Unanticipated Events)

Yields, Spreads, and Uncertainty/Risk

Implied Fed funds Peak – from September to May

Month-on-Month Core PPI at 0%

Choosing Among Lemons

Forward to the Past: US Regulators Top European Ones

Get Your New Washing Machine Before Biden Makes Them Illegal

US inflation falling fast as Europe prepares to go back into a deliberate austerity-led crises

Spreads and Uncertainty/Risk Measures Post-SVB, Post-CPI Release

Inflation Surprise Barely Moves Expected Fed Funds Path

The Term Spread and Recession, Across Countries

What Should Economists Do? Price Theory or Microeconomics?

Transcript: Richard Bernstein

What Does the Silicon Valley Bank Collapse Mean For The Economy?

The answer to the Silicon Valley bank bailout: Federal Reserve Banking

Loosen up?

How Have Market Expectations of the Fed Funds Path Changed?

Time inconsistency in bank regulation

All the Things We Do Not Know About SVB

Intellectual Property Rights Get More Complex—Again

US labour market slows a bit but no sign of a major contraction yet

“China Signals Stability With Surprise Move to Keep PBOC Governor”

SVB – No One Should be Surprised

The Economics of Stock Buybacks

Looking Backward to the “Recession of 2022H1” and Forward to the Recession of 2023

“Bank management must be investigated”

Spreads and Risk/Uncertainty Measures post-Powell MPR and post-SVB

Weekend satire: The key to managing inflation? Higher wages

India Must Keep Its Faith in Nuclear Power

MiB: Richard Bernstein, CEO/CIO at RBA

Wisconsin Economic Outlook, Benchmark Revised Wisconsin Employment and GDP

Business Cycle Indicators and the Employment Release

The Fed is Breaking Things (and it could get worse)

State Legislatures Have Reined in Public Health Bureaucracies

The Administration’s GDP Forecast

MiB: Women in Finance

“Biden Trump Grows National Debt by 11% in Two Years”

Canada’s Budget Officer Admits the Truth About Global Warming’s Impact

The Fed’s Inflation Goal Is Completely Arbitrary

The current inflationary period is not remotely like the 1970s

A Permanent Wartime Economy

Strange rebels

Getting causality into statistics

How Much Money Buys Happiness?

Econ 702 Exercise – The Neoclassical Model: GDP and Shocks

RBA is engineering one of the largest cuts to real disposable income per capita in our history

r vs. g

Fairy Tales and Perfect Markets

The 1619 Project’s Tooth Fairy Economics

Transcript: Maria Vassalou

Recession 6 Months Away?

The “Godot” Recession?

A Dozen Questions for Jerome Powell, Fed Chair

Financial Policy

The Long, Hard Road to “Longtermism”

Rules for Non-Radicals

Liberty Tours: Why Tourism Matters to Liberty

Biography of Mancur Olson is Now Online

2023 Fisker Ocean EV

Silly Celebrity Lawsuits

Jeff Sonnenfeld’s Bombshell About the Russian Economy

January 2023 Russian GDP Growth is -3.2% y/y

Output: Where We’ve Been and Where We Are Relative to Potential

MiB: Maria Vassalou, Goldman Sachs Asset Management

How Many Bear Markets Have You Lived Through?

Globalization and Its Discontents

The Perks Workers Want Also Make Them More Productive

Fine for parking?

If the Housing Is the Business Cycle, What Does this Picture Mean?

Optimism and Ethics in The Calculus of Consent

D. McCloskey’s Passionate Defense of Reason

Rent Increases by County

Econometric fictionalism

Inflation has probably peaked in Australia – yes, it was a transient episode

Business Cycle Indicators as of March 1st

Seasonal Adjustment in the Wake of Big Shocks, Economic and Otherwise

Presentation: How to Avoid Financial Disasters

The Latest on Ivermectin

Uncomfortable truths

Australian National Accounts – GDP growth in decline, expect unemployment to rise – courtesy RBA sabotage

Volatility in External Demand

Transcript: David Layton

Update – Data Paranoia Watch: “I’ve read that others think the CES was manipulated to provide a more rosy picture heading into the election”

Electricity Hell

Are We Headed For A Recession Or Not?

Bruno Leoni and libertarianism

When Does Insurance Make Sense?

What if Dunning Kruger Explains Everything?

Did Deregulation Lead to More Railroad Accidents?

The southwestern US has plenty of water

Abandoning the euro would have essentially zero negative income effects for the vast majority of Member States

My March 6 Speech in Austin

Britain’s National Health Service is in Critical Condition

Guest Contribution: “The Fed Is Following the Taylor Rule”

The Keynes-Tinbergen debate on econometrics

Despotism strikes back: why the free world needs to defeat Russia

PCE Inflation – Headline, Core, Trimmed Month-on-Month and Instantaneous

MiB: David Layton, CEO of Partners Group

20 States Have Flat Income Tax Rates

Business Cycle Indicators – Spending, Income, Sales

The future of vehicle prices

Asness on Value Investing & Humility

GDP, and Guesses about GDI, GDO

Interest Rates, HELOCs, & 401ks

Dealing with Seasonality with 12 Month Changes: the QCEW

Economics as religion

RBA appeal to NAIRU authority is a fraud

Some thoughts on progress, freedom, and happiness

Employment Levels and Cumulative Changes: Tales from the QCEW

Avoiding Financial Disasters

Which Republicans Could Vote For A Debt Ceiling Increase?

Real wages in Australia continue to plunge but the RBA still falsely claims that wage pressure justifies interest rate hikes

Do Declining Imports Signal an Imminent Recession?

Invisible hand and unmentionable foot

Leoni, legislation and representation

Transcript: Tim Buckley, Vanguard’s CEO

The 1619 Project on Hulu Vindicates Capitalism

Do Declining Imports Signal and Imminent Recession?

The internal contradictions of progressivism

Further growth has become uneconomic: The diagram the World Bank refused

Macro Snapshot / St. Louis Fed

10 Presidents’ Day Reads

Trade and Financial Policy Openness in EMDE’s, 1975-2019

Degrowth, food loss and food waste – Part 7

Just Because You Provide a Link, Does Not Mean that Link Is Worth Reading

Hayek’s Volunteers in Ukraine

One Year In: What Did Putin’s Gambit Do to Spreads, Uncertainty, and Activity?

Ferrari 250 GT LWB California Spider

Credit Card Late Fees

Arms are fungible

Immigration and Trade Are Key to Thriving Economies

MiB: Tim Buckley, Vanguard’s CEO

How Much is U.S. Aid to Ukraine Costing You?

Guest Contribution: “Are Google data really useful for macroeconomic nowcasting?”

John Jasinski’s Sunk Cost Fallacy

RWM Is Coming to Chicago!

Some Occupational Licensing Progress at State Level

CBO Economic Outlook: GDP, Treasury Yields, and Recession Indicators

U.S. Stock Market Returns Over Rolling 1/5/10/20 Year Periods

Weekly Macro Indicators thru 2/11: Up, Up and Away, or Slow Deceleration?

Do elections have consequences?

January 2023 PPI

A Personal Reflection on a Half Century of Economic Progress

WFH vs RTO

Why So Many States Want to Ban China From Owning Farmland

Business Cycle Indicators, Mid-January 2023

Australian labour market – contracts for second consecutive month – where is the Treasurer?

Economic Freedom: Breaking the Culture of Welfare Dependency

Correlation and causation

RBA governor thinks massive bank profits are good while he wants unemployment to rise

Was Q2 Employment Growth a Lot Slower than CES Estimate?

The difference between logic and science

January Inflation

#ReadWithMe: Power Without Knowledge: Critiquing the Critique

How This Debt Ceiling Debate Could End

From Lisbon to Vladivostok: Russian version

Alien Invasion!!!

Bruno Leoni and Judge Made Law

Sasha Zbrozek’s Brazen Plan

2 Ways This Debt Ceiling Debate Ends

What the Peltzman Effect Is and Isn’t

Transcript: Rick Rieder

Dutch housing shortage (TLDR)

Who Americans Usually Blame After Showdowns Over Federal Spending

Argentina’s Comeback?

The Wisconsin Economic Outlook and the Impact of Recent Policies

Degrowth, food and agriculture – Part 6

Damar Hamlin and Sam Peltzman: Where Football Meets Economics

2024 Rolls-Royce Spectre EV

Administrative update: My blog has a new home

Natural resources are overrated

Forecasters Up Projections of GDP, Employment

Taxes, Tax Cuts, and Economic Growth

Contra-Capitalism and the Failure of FTX

MiB: Rick Rieder, BlackRock’s CIO of Global Fixed Income

Sentiment and Misery (and Maybe Partisanship)

Peak Substack?

Misappropriating the FTX Scandal

Taxing Wealth Is Taxing Work

Weekly Macro Indicators thru 2/4/2023 and Monthly GDP

#ReadWithMe: Power Without Knowledge Part 9: What Friedman Gets Right

The Hype Cycle, Expertise & Dunning Kruger

Is Californian Housing Policy a Form of Central Planning?

Central banks accounting losses are rising but are of no importance to anything important

Americans Usually Blame Republicans After Showdowns Over Federal Spending

That’s a Wrap! ETF Exchange

Americans Usually Blame Republicans After Showdowns Over Government Spending

RBA loses all credibility with further interest rate increases

Cumulative NFP Job Creation in First Four Years, by President

Debt Held by the Public as Share of GDP

The changing frequency of biblical and economics jargon

Dispersion in Q1 Nowcasts

Dear classical liberal friends, please read Alessandro Manzoni.

Transcript: William Cohan

Did Jobs Increase in January?

What Arnold Schwarzenegger Can Teach You About the Economics of Property Rights

Behavioral Economics: Method, Norms, and Policy

From Here to Serenity: How Public Choice Makes Me Less Cynical

The money multiplier – neat, plausible, and utterly wrong

Masters in Business Live With Vanguard’s Tim Buckley

Olivier Blanchard’s Response

Strong US labour market results – further evidence that mainstream monetary theory is flawed

Our Virtual Reading Group on Bruno Leoni

A Chat on supply and demand

Supply vs Quantity Supplied: Housing Edition

Externality-downplaying economics

Sunk Costs and the Tuck Rule

Revisiting Exchange Market Pressure

Remembering (or Not) the Recession of 2022H1

Charity Isn’t an Option with Socialism

Would More Immigration of Workers Reduce Inflation?

MiB: William Cohan on GE & Jack Welch (+ Lazard, Goldman & Bear)

BS Bots and Blue Checks

The Employment Release and Business Cycle Indicators

The Employment Situation Release: Benchmark Revisions and Seasonality

About that employment-population ratio

Guest Contribution: “Gauging Recessions with the Jobs-Workers Gap – January 2023”

Future Proof Webcast!

Saying No (Again) to Wage and Price Controls

Weekend read – The cause of stagflation

Risk-free Annual Returns of 50%

The Cyclically Adjusted Budget Balance and Federal Debt Held by the Public: Time Series

50% Risk-free Annual Returns

Immigrants Use Less Welfare Than Native-Born Americans

Economic forecasting — why it matters and why it is so often wrong

Investigation into BBC bias misses the point really

Recession Probabilities Incorporating Foreign Term Spreads

Marx and Exploitation

We’re Hiring!

#ReadWithMe: Power Without Knowledge Part 8: Exitocracy

Inflation has peaked, the supply side is recovering, and the interest rate rises were for what?

Different Recession Predictors at Different Horizons

Fortunately, this isn’t the Volcker disinflation

China GDP and Forecasts

IMF WEO on US GDP

Transcript: Neil Dutta

Was Schindler Unimportant?

Term Spread Recession Forecasts for January 2024

What if new housing does not reduce housing prices?

The Cyclically Adjusted Federal Budget Balance

Simple, But Hard

Cyclically Adjusted Federal Budget Balance

Personal Consumption Expenditures and Inflation – Services vs. Goods

Fixing Ticketing?

Instantaneous PCE Inflation and Competitors

1935 Bugatti Type 57 Atalante

Higher California Gas Prices Due to Taxes and Regulation

GDP, GDP+, and GDO(?) for Q4

Update your priors

Hyman Minsky and the IS-LM obfuscation

The Economics of Self-Improvement

MiB: Neil Dutta, Renaissance Macro Research

Five Measures of Private Employment

Renewable versus Non-Renewable: The Difference Doesn’t Matter

Business Cycle Indicators as of end-January 2023 and Q1 Nowcasts

#ReadWithMe: Power Without Knowledge Part 7: Friedman on Economists

SUPD: Debt Ceiling,Inflation and much more

Time for some soul searching

Fed hasn’t stopped GDP from growing

Renewable v Non-Renewable: The Difference Doesn’t Matter

How to Avoid Financial Disasters

Well-written Constitutions Matter

Burning the Koran

Bank of Japan continues to show who has the power

The Costs and Benefits of Peer Review

How Do Active Managers Invest Their Own Money?

Australia – quarterly inflation rate declining

Rookie Economist Errors: A Compendium

#ReadWithMe: Power Without Knowledge 6: Problems with Epistocracy

Good News on Federal Budget from Robert Kuttner

Transcript: Steven Klinsky

Instantaneous Inflation

Migrating to Mastodon and some additional announcements

Stop Worrying About All Those Tech Layoffs…

Don’t Redevelop the Slumdog Millionaire Slum

Lobsterman versus Whalers

Military spending binge is working to keep economies growing

Deja Vu. Oder, “Haben Sie einen Professor zu melden?”

Zoning and “malinvestment”

Deja Vu

Party Affiliations of Fed Economists and Purported Political Homogeneity

Free Trade in Africa: The ‘Why’ is inseparable from the ‘How’

David Crosby

2024 Chevy Corvette E-Ray

A Million Here, A Million There

A Graphic Exposition on Seasonality in Key Macro Indicators

Guest Contribution: “Emotion in Euro Area Monetary Policy Communication and Bond Yields: The Draghi Era”

Why Friends Shouldn’t Let Friends Mix and Match Seasonally Adjusted and Seasonally Unadjusted Data in Calculating Changes

Why Friends Don’t Let Friends Calculate 18 Month Not-Seasonally Adjusted Growth Rates

MiB: Steven Klinsky, New Mountain Capital

Services Inflation – Some Data

Weekly Macro Indicators thru 1/14/2023

Bull or Bear?

#ReadWithMe: Power Without Knowledge 5: Ideational Heterogeneity

Privatize the Skies

“…Beneath the Stock Market’s Surface”

Econometric testing

Future Proof 2023

“Inflation begins to slow, signaling lower costs for consumers”

Sunk Costs and a Trip to CVS Pharmacy

Business Cycle Indicators as of Mid-January 2023

The Australian labour market enters a slow decline – with employment and participation falling

On reconsideration, Arthur Burns was still a bad Fed chair

For Lower Inflation, Stop Raising Rates

Paul Johnson, the last of his kind.

EU bonds will not become a ‘safe asset’ – Germany and Co won’t let that happen

#ReadWithMe: Power Without Knowledge 4: Knowledge and Interpretation

Can Demand “Self-Destruct”?

The “True Remedy” for Slavery

Henderson on the John Batchelor Show

Transcript: Jennifer Grancio, Engine No. 1

Recession Tales from the WSJ January Survey?

How to succeed without really trying

Most Valuable Brands, 2000–2022

Demographic Variations in Inflation Expectations

Share of new wealth gained by richest 1% between 2020-21

Tiffany Jenkins on Plunder, Museums, and Marbles

The Eurozone fictions continue to propagate

A 5.5% hit from Brexit? Not so fast

My 2021 mistake

1971 Iso Grifo

The Need for Heroes and Heroism

Market Expectations on Fed funds, Spreads, Inflation post-CPI Release

The Right’s Unnecessary Civil War

MiB: Jennifer Grancio, Engine No. 1

At Least Four Reasons to Learn Economics

#ReadWithMe: Power Without Knowledge 3: Naïve Realism (cont.)

Why Inflation Has Been Falling…

Does Higher Pay to Legislators Lead to Better Governance?

More on an Inflation Regime Switch

December 2022 CPI

Economic modeling — a constructive critique

Inflation Comes Down Despite the Fed

A Sad, Sad Ehrlich Story

#ReadWithMe: Power Without Knowledge 2: Naïve Realism (cont.)

The pandemic has caused fundamental shifts in worker behaviour

CPI Headline, Core Inflation Nowcasts and Forecasts

Is Millenial Gold Now . . . Just “Gold” ?

The Everyday Miracle of the Market, #13,914

Sustainable Development Hoops in Business Schools

Is Millenial Gold Now . . . Gold?

Inflation up in Australia but the drivers are weakening

Nowcasts as of January 10th

Social protection for the self-employed

Transcript: John Mack

Is a Mandate Simply a Suggestion?

Map of the Observable Universe

Mark Perry’s Heroic Lone-Wolf Fight for Civil Rights

#ReadWithMe: Power Without Knowledge 2: Naïve Realism

Contrary to what the NYT tells you, the problem in an aging society is distribution

Guest Contribution: “Gauging Recessions with the Jobs-Workers Gap – November 2022”

A plan for Russia (and Belarus): Marshall vs. Martial?

Rents Are Still Higher Than Before The Pandemic — And Assistance Programs Are Drying Up

A Quick and Dirty Assessment: How Far Off Is the Establishment Survey Nonfarm Payroll Employment Series?

Technology and Arbitration: New Trends in Law

US labour market continues to grow as more working age people find jobs

1994 Porsche 911 Turbo S 3.6

Red vs. Blue

Martin Shkreli’s Observations on the Criminal Justice System

MiB: John Mack, Morgan Stanley CEO

Some UFO Political Economy

Data Paranoia Watch: “I’ve read that others think the CES was manipulated to provide a more rosy picture heading into the election”

Can the Increase in Multiple Job Holders Account for the Majority of the CES-CPS Job Creation Discrepancy?

Billionaires Index

The Employment Release: The Business Cycle Assessed, Accounting for Labor Measurement Issues, Weekly Indicators

The Southwest Meltdown

Trade Deficit Shrinks Dramatically: Interpretations

My blog is on holidays until Monday, January 9, 2023

Stocks That Lost the Most Market Cap in 2022

Wells Fargo: “Nonfarm Payrolls: Too Good to Be True?”

Lumber Prices near Consumers

My philosophy of economics

The Jobs Worker Gap in November

Garett Jones on Culture and Migration

ADP Release, and the Flat Employment Growth in Q2 Thesis

#ReadWithMe: Jeffrey Friedman’s Power Without Knowledge

Jeff Hummel on the Wealth of Slaves and Slave Owners

Coincident Indicators of Recession: VMT, Heavy Truck Sales, Sahm Rule

Combatting Midlife FOMO

Bryan Caplan’s Defective Demarcation of Libertarians on COVID

State Coincident Indicators: November 2022

Ferdinando Galiani, an Italian Precursor to the Austrians

Business Cycle Indicators at 2023’s Beginning

Lumber Prices and Lumber Futures

#ReadWithMe: Saint-Exupéry’s Flight to Arras, Part 2

Jeff Hummel on the Postwar Southern Economy

Observations to Start 2023

One Year Ahead Inflation Expectations, January 2023

Ben McCallum RIP

Freudenschaude

A Holistic but Quantitative Look at Economic Indicators (with Attention to 2022H1)

Rejecting the Culture Transplant

Constitutional Democracy: Is Democracy Limited by Constitutional Rules?

When Searching for Monsters to Destroy, What Do We Fail to Discover?

Behavioral Versus Free Market Economics

How Many Ways Can One Be Wrong on Employment: Steven Kopits Edition

My blog is on holidays until Monday, January 7, 2023

10 New Year’s Day Reads

A rose by any other name

Year in Review, 2022: Vast Data Conspiracy by BEA, “Drill, baby, drill!”, and the Ills of Diversity

Partisan Horse-Trading in Indian Politics

Lessons from Isaac’s Storm

10 New Year’s Eve Weekend Reads

The boom of 2022 and the failure of contrarianism

History of Industries Listed on S&P 500

History of Companies and Industries Listed on the S&P 500

The Numbers That Defined 2022

The 714th and Final Weekend Quiz – December 31, 2022

Weekly Macro Indicators, through 12/24

Unemployment Insurance Claims, Layoffs, Recession

Behavioral Economics Challenges the Rationality of Consumer Choices

The Street vs. The Fed

Good News from the Job Market

“Foreign direct investment under uncertainty” up to 2019

#ReadWithMe: Flight to Arras, by Antoine de Saint-Exupéry

The Abject Failure of Central Planning During COVID

Transcript: Charlie Ellis

Central bankers have created excessive unemployment for decades because they use the wrong theory

Russian GDP, Revised: A Bigger Hit in Q2

China Saber-Rattles (Again)

MiB: Charlie Ellis on Vanguard’s Rules of Investing

Goods Trade Balance Improves in November

Stanford Fails to Master Clear Thinking

Chinese GDP Growth over the Xi Jinping Era

Economics beyond Krugman, Mankiw, and Rodrik

One of these monetary expansions is not like the other…

Jeffrey Rogers Hummel on Slavery

Maximum AUROC Spreads as of 12/25/2022: Recession Ahead, and If So, When?

The Wisconsin Outlook: The State Follows the Nation

The Twelve Clicks of Christmas

Beckerian Porch Pirates

Happy Merry!

The Coming Macro Shock of 2023: China

Holiday read – Industrial policy is not a remedy for income inequality

Merry Commercial Christmas!

“Waste” in Market Economies

John Bates Clark

Month-on-Month PCE Deflator Inflation: Has the Regime Switched?

Christmas Eve Eve Business Cycle Conditions

GDP 3rd Release, GDO, GDP+, GDPNow etc.

The “Unseen Effects” of California’s New Minimum-Wage Law

Speech Re-Education

Thoughts On Owning the Libs

Evaluating Insurance

The Weekend Quiz – December 24-25, 2022

Weekly Macro Indicators thru 12/17/2022

FTX and After: Regulation to Protect the Consumers?

I Want High-Income Earners to Stay

Bank of Japan has not shifted direction on monetary policy

Freedman’s Rabbit Theorem

The Drug Reduction Act

Older workers in Australia taking on more work, while in Britain they are bailing out

Guest Contribution: “Boosting carry with equilibrium exchange rate estimates”

Inflation can be brought down quickly

History Shows High Inflation Can Last Over Ten Years

Transcript: Robert Koenigsberger

ChatGPT on Rent Control

“I acknowledge that it shows that the increase in multiple job holders is insufficient to account for the material part of increased jobs per the Establishment Survey”

Model uncertainty and ergodicity

Cats and Soup. And Economics.

Get Yourself Some “No Men”

CBS Doesn’t Tell the Whole Smothers Brothers Story

Yet More on Adjusting the CES, Private Nonfarm Payroll

More on Adjusting the CES

Prison Labor

Out-of-Pocket Health Care Spending Soared While Health Care Spending Grew Slowly

MiB: Robert Koenigsberger, Gramercy Funds Management

A Pro-Freedom Medical Oath

What the Fed Gets Wrong

Pitfalls with the Hippocratic Oath and the Woke Oath

I asked ChatGPT to write songs about Public Choice…

Simple But Hard – Market Talk with George Noble

The Weekend Quiz – December 17-18, 2022

More Deceleration: Weekly Economic Indicators thru 12/10/2022

Setting the Record Straight on Ivermectin

No Bull – Market Talk with George Noble

Business Cycle Indicators, Mid-December

Australian labour force – stronger employment growth defying RBA interest rate hikes

Why the Increase in Multiple Job Holders Cannot Account for Most of CES-CPS Discrepancy

Call it “wages”

Can you raise a family on one income?

Transcript: Kathleen McCarthy

Did Iran Really Execute Mohsen Shekari?

US inflation has peaked and monetary policy had nothing much to do with it

The Household-Establishment Surveys Job Creation Conundrum

Month-on-Month Headline, Core inflation Down

The misuse of mathematics in economics

Good News on Inflation

“Do foreign yield curves predict US recessions and GDP growth?”

Reflections on the US election results

Your Co-Investors in BREIT

Cartoonish Putinist Economics

The poorest nations are increasingly beholden to the hedge funds

Inflation and policy: conceptual models matter

Is macroeconomics in its infancy?

DSGE models — a macroeconomic dead end

Economic Education and AI

2024 Audi A6 Avant e-tron (concept)

So You Think We Were In a Recession in 2022H1? – Last Observations for 2022

GDP Nowcasts as of 12/10: Growth in Q4

From Silicon Valley to Colombia

MiB: Kathleen McCarthy, Global co-head of Blackstone Real Estate

Great Moments in Due Diligence

The Weekend Quiz – December 10-11, 2022 – answers and discussion

Stand your ground

Why Aren’t There Enough Workers?

Rebuilding Ukraine: Principles and Policies

What Productivity-Pay Gap?

Americans Generally Support Unions — And Averting A Rail Strike

The Weekend Quiz – December 10-11, 2022

What Doesn’t Matter

Deceleration (through 12/3)!

A Century of Irish Economic Independence: “The Celtic Tiger” and Beyond

Hummel on Central Bank Bankruptcy

FT-IGM December Macroeconomists Survey – Fed Policy, Impending Recession (and More)

Walter Grinder, an appreciation

10yr-3mo Term Spread and Recession, Down Under

Term Spreads and Recessions, Country by Country Evidence – a Very Incomplete Review

Term Spreads and Recessions, Cross-Country Evidence – a Very Incomplete Review

24/7 Financial Advice

Content moderation is difficult

Moral Hazard and Health Insurance

Is Sacrificing the Same as Being Sacrificed?

GDP Prospects

Australia National Accounts – growth continues at a moderating pace

Term Spreads around the World, as of December 6, 2022

A Century of Irish Economic Independence

Jeffrey Friedman RIP

Transcript: Luis Berruga, Global X ETFs

Is economics nothing but a library of models?

Some Unpleasant Thoughts: Refugees and Wealth

The Boys Under the Bus

Economics and the Art of Education

The Economics of Quiet Quitting: Taking Stock and Looking Ahead

Real Wages during and Post-Pandemic

Top 0.1%: How Much Wealth Does It Take?

Ben Rogge on East-West Trade

US labour market is a sort of holding pattern – declining but slowly

Is the Establishment Series Overestimating NFP Employment?

Fraud in the PPP: Quel Surpris!

Healthy Eating

Quasi-efficient markets

Knowledge and growth

I Think Like a Leftist

Short Horizon Inflation Expectations – Survey and Market Based

MiB: Luis Berruga, CEO, Global X ETFs

Biden’s Accomplishments on Immigration

GS “Recession Watch” Odds at 35%

2023 Toyota Prius

A Tax Victory in Monterey County

November 2022: Stand Up with Pete

10 Friday Reads

The Weekend Quiz – December 3-4, 2022

Month-on-Month Inflation Seems to Have Peaked

Tighten the Earned Income Tax Credit

Business Cycle Indicators at the Beginning of December 2022

Unintended Consequences, Applied

Bottoming?

Senator Markey Takes a Dive

Whiskey Business

The transitory inflation conjecture gains even more data credence

2022Q3 2nd Release, Alternative Measures of Activity, and a Recession of 2022H1?

Consequences Unintended and Unanticipated

Was Robin Hood a utilitarian?

RBA governor apologises for duping Australians – but then says we didn’t read the literature closely enough

“Sky-high [natural] gas prices…”

The empirical turn in economics

Transcript: Boaz Weinstein (Live!)

What is “News”? What is an “Event study”? China Edition

Guest Contribution: “The Strong Dollar, Global Inflation, and Global Recession”

Building a Life

Kyoto Report No 8

Modern money and inflation

We’re Number 5; We’re Number 5

The muddled thinking of protectionists

Coincident State Indexes (October 2022)

Maximum AUROC Term Spreads as of 11/25

Rich Yamarone CUNY Scholarship

“China markets tank as protests erupt over Covid lockdowns”

IMF continue to demonstrate their neoliberal biases

Yin-Wong Cheung: “The RMB in the Global Economy”

Buying Failure with Student Loans

Behind the Balance Sheet

George Selgin on the postwar economy

Bans on “Assault” Weapons Do Not Reduce Crime

MiB: Boaz Weinstein Live!

The Weekend Quiz – November 26-27, 2022 – answers and discussion

How I-Bond Rates Reset

Grinch: Ignore Black Friday Retail Forecasts

The Weekend Quiz – November 26-27, 2022

Did the Yield Curve Predict a 2022H1 Recession?

Term Spread Recession Forecasts

Behavioral Hacks to Keep Your Thanksgiving Civil

Economics is Humane

On models and simplicity

How to End an Endless Debate

How to End and Endless Debate

Fiscal Crises in American Cities

Champagne socialists in the banking sector reaping millions from public money

CFNAI on the Putative Recession of 2022H1

Implications of a Flex-Price Quantity Theory

I Want My Society Back

Setting a Course for Self-Discipline

Inflation and Unemployment: Good News Isn’t Bad News

Transcript: Marcus Shaw

Kyoto Report No 7

What do you mean by policy lags?

Free Speech, Social Media, and Intellectual Silos

Which is Worse: Inflation or Unemployment?

David Friedman on the Social Cost of Carbon

The Autumn Statement – an exercise in absurdity and public harm

Climate Trace: Tracking Emissions

Russ Roberts on Sam Harris’s Making Sense

The REAL Solution to the Coming Economic Crisis

How Colombia’s new Tax Reform will affect Free Trade Zones

MiB: Marcus Shaw, CEO of AltFinance

Vox Rights and German Shopping Carts

The Weekend Quiz – November 19-20, 2022 – answers and discussion

How Wealthy We Are

When Narratives Collapse

Who Will Carry the Classical Liberals?

The State of the Economy in Real Time, Election Eve and Year Ahead

The Weekend Quiz – November 19-20, 2022

Macroeconomics and the Friedman-Savage ‘as if’ logic

Give Gig Workers a Real Break

Supply Chain Is 40% of Inflation

Monetary reforms, demand shocks, and modern macroeconomics

The Beauty of Gridlock

Australian labour market – shows moderate improvement

The Bad News from Taxachusetts

Light Posting Due to C19…

Business Cycle Indicators at Mid-November

The monetary policy fallout for developing countries

Australia – wage data shows real wages continue to decline for the sixth consecutive quarter

Transcript: Dave Nadig

Kyoto Report No 6

Six Degrees of Separation

Gender, Race, and the Economy: Social Constructs All

The dangers of using unproved assumptions

Why listen to so-called ‘experts’ that were so wrong about Brexit?

Monies

Calculus, Self-Interest, and Good Intentions

MiB: Dave Nadig, Financial Futurist at VettaFi

He Who Seeks Revenge Digs Two Graves

The GDP Outlook: Nowcast vs. Forecast

Wal-Mart and the Worst Case Scenario

Big Moves: Bears & Bottoms

The “Trap” Closes: Kherson, 11/11/2022

Inflation Has Fallen

2023 BMW i7 EV

The Weekend Quiz – November 12-13, 2022

Do “Technology Shocks” Create the Boom-Bust Cycles?

Trend CPI Down?

Biggest Mistakes Made by UHNW Investors

Peter Thiel Misses the Small Picture

CPI Inflation below Expectations – Markets Respond

The Australian government ignores the cost-of-living crisis impoverishing vulnerable citizens

Prediction Market on Senate Conrol: Democratic at 93%

Bureaucrats impeded by bureaucracy

Unconventional Wisdom

If its bad it must be because of Brexit or MMT or both depending

The Essence of Regulation

new from WEA Books – “Heterodox Economics: Legacy & Prospects”

Transcript: Edward Chancellor

Did Land Speculators Make the United States of America?

Real Median Weekly Earnings: CPI vs. Chained CPI

Kyoto Report No 5

What’s Driving Inflation: Labor or Capital?

A Memoir and a Manifesto

Where Is the Free Market Utopia?

Monopoly and Barriers to Entry: Old Wine in New Bottles

Can We Have Welfare Without the Threat of Violence?

Graph of the day. Youth unemployment in the EU

Labor or Capital Driven Inflation?

Did the Boskin Commission Lie About Inflation?

Sorry, But Your Vote Doesn’t Count

US labour market – shows further signs of slowing

Why so glum (part 2)

Go With the Regs or Go to Jail

Elon Musk interviewed by Ron Baron

Oil Prices, Gasoline Prices

Why Republicans Are Now Getting Heavily into Election Integrity Issues

Reminder: Using the “Two-Consecutive-Quarter Rule” There Is No 2001 Recession

The Limits to Growth?

MiB: Edward Chancellor on the Real Story of Interest

Inflation and wages in Greece

The Many Ways the FOMC Can Be Wrong…

The doves were wrong

Messages from the Labor Market Release

Myths of Economic Inequality

Weekend read – How to be an Academic Hyper-Producer

Euro 1973 BMW 3.0CSi

The Weekend Quiz – November 5-6, 2022

Nowcasting the 2022H1 or 2022H2 Recession

Behind the Curve, Part V

Business Cycle Indicators at the Beginning of November

Lower-Income Americans are Taxed Much Less Heavily Than Lower-Income Europeans

The world according to Bloomberg

Five new Manhattans

Unique Opportunity for Extension and Research Career in the Economics of Diversity and Equity

Globalization In Retreat

Hubbert’s Peak and Technology

A Way for Biden to Help Black People

On the Eve of November FOMC

RBA has crossed the line – it is now a danger to society

Appropriate Penalties for Assaulting Politicians and Their Relatives

Guest Contribution: “Workshop on Macro Nowcasting: New tools”

When Your Only Tool is a Hammer…

Natural Gas and LNG Exports vs. Goods Exports

Balance of Forces, Kherson Oblast on 31 October 2022

Guest Contribution: “The Fed’s swap lines: Narrow circle, broad effect?”

Kyoto Report No 4

Can a Free Market Economy Be Trusted to Recover on Its Own?

Herman Daly has passed away

LNG Contribution to Goods Exports (Balance of Payments Basis)

Transcript: Jeremy Siegel + Jeremy Schwartz

How Long the Dollar Upswing?

Invisible Fangs

Degrowth, deep adaptation, and skills shortages – Part 4

You Deserve an Education Today.

The Billboard Article

The External Environment and Prospects for GDP Growth

Can the Dollar Once Again Be Anchored by Gold? One Congressman Believes It Can

German Gas and Knowledge Problems

MiB: The Jeremies! Schwartz and Siegel on SFTLR!

Dare Ya

Fascism’s Words AND Deeds

Persistent inflation is always and everywhere a monetary phenomenon

2024 Rolls Royce Spectre EV

Rolls Royce Spectre EV

The Weekend Quiz – October 29-30, 2022

What’s wealth got to do with it?

Meta-Four

Not a recession … yet

Hazony’s Uncharitable Conservatism

California’s Laffer Curve

On the Eve of the Q3 GDP Release: Coincident Index and GDPNow

Industrial Production in the Recession of 1920-21, Compared to a Hypothetical 2022 Recession

Australian inflation data – not as scary as most think

The Pennsylvania Debate on the Minimum Wage

Macroeconomic aspirations

Reminder: “Recession” Is Not the Same as “People Are Unhappy”

Can Anyone Catch Nokia?

Kathryn Dominguez at EconoFact: “Global Repercussions of the Strong Dollar”

Australia’s latest fiscal statement from the government – a gutless document really

Lowest-Skilled Immigrant Workers are Not Displacing American Workers

The truth about Trump and Truss

Two Days before GDP Q3 Release: What Remains of the 2022H1 Recession Thesis?

How the Fed Causes (Model) Inflation

Supply Down, Price Capped, Then What?

Kyoto Report No 3

Kyoto Report 3

Transcript: Marta Norton

David Friedman on Special Pleading

3.9% and 3.9%: China y/y and q/q GDP Growth

Body Snatchers and Regulatory Capture

A circular system of nonsense – conventional media reporting on the monetary system

“How is that trap working out?”

Drain the Strategic Petroleum Reserve

How Do You Know Where You’re Going If You Don’t Know Where You Are? (China Statistics Edition)

The Core

What Happens When Economics Becomes Religion?

Neoclassical induced financial fragility. Central bank pension fund regulation edition.

MiB: Marta Norton, Morningstar Investment Management

Cooperation on Water Use without Higher Prices

The policy lag puzzle

Sussing Out Probabilities

Evaluating “Recession Fears”

2023 Mercedes EQE Electric SUV

Weekly Macroeconomic Activity through 10/15

The Weekend Quiz – October 22-23, 2022

Good News on State Taxes

Global Real Estate Bubble Index

Industrial Policy on Parade

China Q3 GDP Is a Mystery

The Liberal Arts: Figure It Out For Yourself

Australian labour market – slowing to a halt

The Nobel prize in economics — awarding popular misconceptions

Money to burn?

E-ska-nomics of Immigration

Transcript: Tom Rampulla

Devon Zuegel on Inflation, Argentina, and Crypto

Forecasts of Russian GDP, pre- and post-

Banks gouging super profits, yield curve inversion – nothing good is out there

On the Contribution of Extension: In memory of Tim Wallace

Collapse in Prospective Home Buyer Traffic

Business Cycle Indicators as of Mid-October 2022

How Much Was the Expanded Russian Invasion of Ukraine Anticipated?

Life Magazine on USSR in 1943

Kyoto Report No. 2

What’s Ailing Tesla’s Stock?

Canadian Cows’ Comparative Advantage

British currency gyrations are about weak government not fiscal deficits

Expensive Prescription Drugs Are a Bargain

AI Steve Jobs interviewed by AI Joe Rogan

Ask What Changed

Who could have foreseen this?

MiB: Tom Rampulla, Vanguard’s Financial Advisor Services Director

Does the Texas Homicide Rate for Illegal Immigrants Exceed the Rate for Native-Born Americans in Texas?

Weekly Macroeconomic Activity thru 10/8

Sterling’s- and Everybody’s- Crisis

Groping for a Bottom

Divided Government: Hopeful or Hurtful?

1978 Porsche 911SC (Modified)

The Weekend Quiz – October 15-16, 2022

Brad DeLong’s 20th century

Saba Capital Management’s Weinstein on Whales, Tails, & Fails

Rearden Teaches Moral Reasoning to “Wet Nurse”

Zero trading in 10-year Japanese government bonds signals Bank of Japan supremacy

Wartime economy for Ukraine

Where is the path to peace?

Transcript: Michael Levy

Michael McConnell’s Version of Federalism

Bank of England announces end to propping up corporate greed – sort of!

Global Land Sea Temperature

On the validity of econometric inferences

Y’all Should Stop Making Emotional Bets

Kyoto Report No. 1

An Economics Nobel for and by Central Bankers

Not Yet the End of History

History of Black Monday

Hank Rearden’s Trial Scene

US labour market – weaker but employment growth remains positive

Framing, Context, Asking (not answering) Questions

Guest Contribution: “Gauging Recessions with the Jobs-Worker Gap – Updated”

MiB: Michael Levy, CEO of Crow Holdings on Commercial Real Estate

Henderson on Gray’s Arbitrary Lines

The economist’s oath

Weekly Macro Indicators through 10/1

The Employment Report and Business Cycle Indicators

Why Is the Fed Always Late to the Party?

Industrial Policy: A Fatal Conceit for Left AND Right

Our Amazing Somewhat-free Economy

The Weekend Quiz – October 8-9, 2022

The Chinn-Ito Financial Openness Index Updated to 2020

Two diametrically-opposed approaches to dealing with inflation – stupidity versus the Japanese way

Statistical models and the assumptions on which they build

Narrative Defined

On Taxing the Rich: An A-Ha! Moment

RBA tom foolery continues while spending continues unabated

Jobs vs. Employment in the CES and CPS Employment Series

“It’s not like we don’t have enough jobs here in Wisconsin” – Ron Johnson, February 2022

Thoughts on the neoliberal wave

Business Cycle Indicators at October’s Start

Transcript: David McRaney

Take That, Dr. Fauci!

Sonat Birnecker Hart on Whiskey

A Keynesian’s Macroeconomic History

The Division of Labor and the Diminution of Man

Bogleheads Live

Jacob Soll’s “free market”

The Recent Pound Plunge in Context: 50 Years of the Real Rate

Krugman Talks Sense on Housing

Money, Kings, and Juan de Mariana

Populations in Riskier Geographies

Privatize Migratory Birds

MiB: David McRaney on Belief, Opinion, and Persuasion

The Weekend Quiz – October 1-2, 2022

Lyman Sit-Rep

7th Inning Stretch

GDPNow Q3 at 2.4% SAAR

Business Cycle Indicators at the September’s End

BMW XM Hybrid

Back in the DDR

Ukrainian Territorial Gains in September

The Weekend Quiz – October 1-2, 2021

Natixis: Impact on Chinese GDP Growth via Consumption Reduction

Weekly Economic Activity through 9/24

Guest Contribution: “Has the Fed Pivoted Too Far?”

GDP Level Up, GDO Down and Trending Sideways

The Sherman Show: Clients, Advisers, Markets & Portfolios

UK Economic Policy Uncertainty Spikes

Don’t Trade American for Chinese Central Planning

The last week in Britain demonstrates key MMT propositions

UK Measured Economic Policy Uncertainty in Context

Yield Curve Inversions in the UK

Farewell, TINA

Reserve Currency Status Is No Vaccination against Recklessness – UK Edition

Uncertainty

“Great” Moments in Aribitrage

Q3 Growth vs. Benchmark Revisions

Messages from the Market

Ayn Rand on Unsolicited Advice

What Is In Your Control?

Off to Japan I go

CFNAI in August

Manure, Methane, and Mercantilism

Transcript: Steve Case

Would You Still Buy A Tesla?

Concise Encyclopedia of Economics in Iran

Weekly Economic Activity in the UK, and Two Self-Inflicted Wounds

Zoning Reform Backfires

Tracking the Euro Area at High Frequency

Eleanor Ostrom, Steven Cheung, the 5-1 Error

MiB: Steve Case on AOL, Startups & Venture

Atlas Shrugged on Child Labor

The Right of Self-Determination

The Weekend Quiz – September 24-25, 2021 – answers and discussion

Rumors of the Vast Data Conspiracy Continue

Visualizing Interest Rates Since 2020

Axios Badly Misstates Malpass’s View on Global Warming

Europe’s Destructive Energy Policies

Should we read dead economists?

2023 Ferrari Purosangue

Weekly Economic Activity through September 17th

The Weekend Quiz – September 24-25, 2022

Changes in Global Wealth 2021-22

Adam Smith where you least expect him.

Changes in Global Wealth 2021

Wikipedia on Aaron Director

Central banks can operate with negative equity forever

It’s a beautiful day in which neighborhood?

Martha’s Migrants

Inflation Expectations: A Dubious Survey

The city without zoning

Recession on the Horizon?

Remembering Basil Yamey

Francisco d’Anconia’s Speech on Money

Three Cheers for Hoppe

US, Euro Area and China GDP over the Pandemic and Recovery

Tolerance Does Not (Necessarily) Equal Approval

Transcript: Albert Wenger

How Trustworthy is Wikipedia

Weekly Economic Activity through September 10th

Central bank priorities are not the priorities of working people

Hurricane Maria and Puerto Rico 5 Years Later

If It Sounds Too Good To Be True…

Inflation Has Peaked.

Walter Block’s Principle of Opposition

It Looks Like Putin Cannot Lose

Peace as Profitable Business

The open society and its enemies

MiB: Albert Wenger, Union Square Ventures

Angus Deaton on Getting More People Into College

The Weekend Quiz – September 17-18, 2022 – answers and discussion

Did US Inflation Accelerate Relative to Euro Area?

Wednesday, Black and White

Stand Up with Pete

A Tariff Is a Tax

1983 Porsche 911SC Coupe (EV?)

China is the world’s largest economy: Get over it

The Weekend Quiz – September 17-18, 2022

Minor crimes in Alabama

RIP Financial Conferences

Business Cycle Indicators Reported as of Mid-September

Guest Contribution: “U.S. Trade Deficits and Exchange Rates”

Phil Magness on Kevin Kruse, Nancy MacLean, Hans-Herman Hoppe, and Covid

PPI in August, and Possible Implications for the CPI

Australian labour market – slight improvement in the situation despite rise in unemployment

The First Totally Honest Stock Market Story

Student Loan Forgiveness: The Libertarian Response?

U.S. Demand Drives the Drug Market

Inflation falling in the US and expectations are sharply in decline

If You Were Curious

Market Expectations for Fed Funds Target, pre- & post-August CPI Release

Russian GDP in Q2

Inflation in August

MMTed edX MOOC – Modern Monetary Theory: Economics for the 21st Century – starts September 14, 2022

The danger of teaching the wrong thing all too well

Internalizing a Trash Externality

Transcript: Kristen Bitterly Michell

IMF reform proposals for the Eurozone are just weak band aids that cannot fix the dysfunctional mess

Economic Freedom Falls Dramatically Worldwide

Free-Marketeers, ‘Extremism’ and an Uneven Playing Field in Latin America

Long Live the King (My President)!

Are Chinese nationalists woke?

The Business of Human Rights

MiB: Kristen Bitterly Michell, Citi Global Wealth

Weekly Indicators of Economic Activity through September 3rd

Ukraine Military SitRep Sept 8th

Weekend read – The big myth on inequality: it just happened

The Road to Serfdom is Paved by Conservatives

Come Join Us in Huntington Beach!

1970 Maserati Ghibli 4.7 Coupe

The Weekend Quiz – September 10-11, 2022

Nearly 45 Years of the Chinese Yuan Exchange Rate

Brad DeLong’s Strange Concept of Market Failure

Solidarity

Inflation Breakevens: Common and Uncommon Shocks

Data Compendium, Updated

Tough to Beat the Market

Market Based Expectations of Five Year Ahead Inflation

Perfectly Imperfect

School Lockdowns Will Kill

Transcript: Lynn Martin

Australian national accounts – wage share at record low while corporate profits boom – this is not right!

Euro Area GDP Nowcasts, Pre-NordStream Indefinite Shutdown

Wokism in the developing world

Prediction Markets on Wisconsin Races

Make Work Pay Again

Labor Day Weekend Employment Charts

Econometric FUQs

The Hit to the Russian Economy, Internally Assessed

When Cost-Benefit Analysis Fails

Enron’s Collapse at 20: Three Myths in Search of an Historian

Can Price Controls Fight Inflation?

Ideas Trigger Change

Weekly Economic Activity thru August 27

The Ends of Curiosity

US labour market showing further signs of slowdown

In praise of slackers?

Whither Sentiment?

Electrifying Classic Cars

Business Cycle Indicators as of 9/3: On the Upswing Again (If They Were Ever in a Downswing)

MiB: Lynn Martin, President of the NYSE

Guest Contribution: “Forecasting Real Activity using Cross-Sectoral Stock Market Information”

The Right of Revolution

Guest Contribution: “Gauging Recessions with the Jobs-Workers Gap”

Four Pictures of the Labor Market in August

Betsy Bailey RIP

Long Weekend !

1958 Cadillac Series 62 Coupe DeVille

The Weekend Quiz – September 3-4, 2022

What Data Makes NBER Recession Calls?

The “… Recession of H1 2022”? (Part III)

How Do We Know this Photo Was Actually Taken at Mar-a-Lago?

Who’s Got the Moves Like Marin?

High Quality Oranges and High Quality Hotels

Business investment in retreat for the second successive quarter

US Private Nonfarm Payroll Employment – What Does the Revamped ADP Series Tell Us?

Adam Smith was right

When Lacking Policy Proposals, Attack Diversity

A ‘broad agreement’ on the need for climate change action – doesn’t mean a solution is forthcoming

The Decline and Fall of Gorbachev and the Soviet State

Timothy Taylor on Medicare Advantage

Forgiveness Expectations

Is the Dollar Strong? Or Likely to Get Stronger?

U.S. Cropland Values Hit Record Highs

The Cost-Price Illusion

Weekly Economic Indicators, thru August 20

Inquisitions for Good Reasons

Transcript: Eric Balchunas

Affidavit: NYT, WSJ, Other Criteria

Elites using monetary policy to deal with paranoid fears that power might shift towards workers

Bank Lending, thru Aug. 17

The Future of the Right (by Bruce Bartlett)

GDP, GDO, GDP+, Hours and Income

Inflation Last Time

District Attorneys Allege ADA Shakedown

Common Sense, Anyone?

Financial Bubbles and Austrian Business Cycle Theory

Stop Moralizing Inflation

MiB: Eric Balchunas on the Vanguard Effect

When is a Recession not a Recession?

The “recession…of H1 2022”? (Part II)

Tales from the Dark Side

Did Big Government Get Smaller in the 1980s and 1990s?

How to decimate the corporate tax-avoidance industry

1962 Lincoln Continental Convertible

The Weekend Quiz – August 27-28, 2022

Weekly Economic Activity Measures thru 8/20

Your New Student Debt

Blind Faith Baloney

Nonfarm Payroll Employment and Implications of the Preliminary Benchmark Revision

Future Proof is Almost Here!

The Japanese wage problem

Zooming with Titans

GDP and Ten Year Yield Forecasts: Messages from the Survey of Professional Forecasters

Libertarian Policy? That’s Nuts!!!

Lessons From the Future

Without Government, Who Would Destroy Poor People’s Homes?

It all adds up to the conclusion that system change is required not progressive tinkering

Science and crossword solving

The “…recession…of H1 2022”

A Libertarian Dilemma

Transcript: Bill Browder

Per Bylund’s Austrian Primer

Taiwan Strait Balance of Forces

The Inflation Reduction Act charts a pro-climate, pro-worker path

So You Think We’re In a Recession as of July?

Wild Problems: Homebuying Edition

Socialists’ Claims About Socialism 2

Cyclical Bear Within a Secular Bull

How much choice do you want?

Are You Kidding???

CEPR: “Macroeconomic Policies for Wartime Ukraine”

Military Conflict and Economic Warfare, China-Taiwan

Military Conflict and Economic Warfare, Cross-China Straits

Laws, Theories, and Norms

TikTok

“The Impacts of Crises on the Trilemma Configurations”

The IRS Shows Its Guns

Socialists’ Claims About Socialism

Socialists’ Claims About Capitalism 4

Econometrics — the danger of calling your pet cat dog

Glick, Leduc, Pepper: “Will Workers Demand Cost-of-Living Adjustments?”

Bob Barro and David Ricardo

MiB: Bill Browder on Finance, Murder and Justice

So You Think We’re In a Recession as of Mid-August?

To Float or Not to Float: Munger and Roberts on the [Un]examined Life

Thinking Historically as History Unfolds