Pittsburgh Tribune-Review: “Answer before intervening”
TweetIn my column for the March 31st, 2009, edition of the Pittsburgh Tribune-Review I offered counsel of caution in light of the then-raging financial crisis – counsel of caution that, I believe, is...
View ArticleThe Covid-19 Crisis and Leviathan
TweetI’m thrilled and honored beyond words to be a co-author with the great Robert Higgs – and grateful to Reason for publishing our short essay. A slice: As crisis followed crisis—World War I, the...
View ArticleThe Economy Is Much More Complex than You Realize
TweetThis FEE video by Sean Malone is great. And, sincerely, my praise is not at all influenced by Sean’s generous mention of me a couple of times in the video. (But I do thank Sean for that honor.)...
View ArticlePittsburgh Tribune-Review: “A demand for coordination”
TweetIn my column for the May 28th, 2009, edition of the Pittsburgh Tribune-Review I criticized many of my fellow economists for focusing excessively on aggregate demand and too little on the...
View ArticlePittsburgh Tribune-Review: “Systemic trouble”
TweetIn my June 3rd, 2009, column for the Pittsburgh Tribune-Review I – influenced in part by Thomas Sowell – blamed much of the Great Recession that started in 2008 on imprudent government...
View ArticleTierney on Higgs on Crises and Leviathan
TweetOne giant writes about the important work of another: Here’s John Tierney on Robert Higgs’s work on how and why government grows in response to crises – crises real as well as imagined and always...
View ArticlePittsburgh Tribune-Review: “88 keys to economy”
TweetIn my column for the July 28th, 2010, edition of the Pittsburgh Tribune-Review I told a hypothetical tale of government efforts to artificially stimulate demand for pianos. You can read my column...
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Quotation of the Day…
Tweet… is from the posthumous 1965 collection of some of Gen. Douglas MacArthur’s papers and speeches, A Soldier Speaks, as this quotation from MacArthur appears on page 124 as the head of Chapter 6 of...
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TweetWriting in the Wall Street Journal, David Henderson expresses his understandable disapproval of this year’s award of the Nobel Prize in Economics. Two slices: The difference between the Bernanke...
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Quotation of the Day…
Tweet… is from page 213 of Robert Higgs’s important July 1987 Reason article titled “In the Name of Emergency,” as an expanded version of this article appears under the title “The Normal Constitution...
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Bonus Quotation of the Day…
Tweet… is from page 118 of Edward Chancellor’s excellent 2022 book, The Price of Time: The Real Story of Interest (footnote deleted): Why were the credit systems of so many different countries, from...
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Quotation of the Day…
Tweet… is from page 436 of Roger Garrison’s Spring/Summer 2012 Cato Journal paper, “Natural Rates of Interest and Sustainable Growth“: Finally, it is implausible that the Federal Reserve’s...
View ArticleExploring EconTalk: Charles Calomiris on the Financial Crisis (2009)
TweetI continue to catch up on listening to the vast library of EconTalk podcasts. The next one that I recommend is Russ’s October 2009 conversation about the Great Recession with Columbia University’s...
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TweetPeggy Noonan’s latest column in the Wall Street Journal is among her best. A slice: We must start with what was done. Terrorists calling themselves a resistance movement passed over the border...
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TweetSamuel Gregg finds much to criticize in Joe Stiglitz’s new book, The Road to Freedom. Four slices: The word “neoliberal” has its own pedigree. Today, however, it functions as an epithet used by...
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TweetGeorge Will warns of the dangers of banning TikTok. Two slices: TikTok successfully incited its U.S. users, who an independent monitor says spend much more time on it than people do on Instagram...
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Quotation of the Day…
Tweet… is from page 201 of Robert Higgs’s important July 1987 Reason article titled “In the Name of Emergency,” as an expanded version of this article appears under the title “The Normal Constitution...
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Quotation of the Day…
Tweet… is from page 242 of Charles Calomiris’s and Stephen Haber’s important 2014 book, Fragile By Design (footnote deleted): If the mortgage-underwriting standards in effect at Fannie and Freddie...
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TweetRay Keating accurately, if with understatement, describes today’s trade policies as being “detached from sound economics.” A slice: On the campaign trail, Trump has made various proposals to...
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Quotation of the Day…
Tweet… is the opening lines of Robert Higgs’s excellent October 2009 Mercatus Center Policy Brief titled “The Political Economy of Crisis Opportunism”: In personal life, no one relishes a crisis, but...
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