The Grumpy Economist

I did two videos last week that blog readers may enjoy. I did an interview with Luis Garicano in his  "capitalism after coronavirus...

The issues that have cropped up in applying present value ideas to government finance, in my last post , caused me to write up a little fi...

How should we model surpluses and deficits? In finishing up a recent article and chapter 5 and 6 of a Fiscal Theory of the Price Level up...

The Wall Street Journal reports that the movement among Senate Democrats to get rid of the filibuster entirely is gaining steam. I think th...

I read Stephanie Kelton's book,  The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy,”  and wrote  this rev...

I posted a new draft of The fiscal theory of the price level , a slowly emerging book manuscript. It's heavily revised through Chapter 6...

Even at my age, I get a little tingle when a paper is finally published. "Rethinking production under uncertainty" is now out at...

I did an interview on Covid-19 and economics last week with Carlos Carvalho who runs the Salem Center for Policy at the McCombs School of B...

Last week we learned  the twitter mob has taken over economics too. In case you aren't following, here is the short version of the sto...

A podcast on this week's topics, MMT and debt.

My brief exchange with Markus Brunnermeier at the end of a Covid-19 talk  attracted some attention, and merits a more detailed intervention....

I read Stephanie Kelton's book, The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy,”  and wrote this revie...

Here are links to this week's grumpy economist podcast , and Goodfellows discussio n with Niall Ferguson and H.R.  McMaster. Grumpy on t...

As the economy recovers, public policy faces an inevitable dilemma. How do we wean the economy from support? This comes to the head with f...

Airlines are in big trouble. Even after reopening, nobody wants to fly, perceiving them as dangerous. But are airline flights dangerous? A...

Chad Jones and Jesús Fernández-Villaverde have updated their SIR mode l with social distancing. A part I find very intriguing is that the...

A new lively Good Fellows discussion video and podcast Direct links here if the above embed codes don't work.

Source: Wall Street Journal Ready or not—mostly not—the reopening is at hand. The economic carnage of a continued lockdown is simply to...

In a few recent posts, I was critical of university endowment practices. Why build up a stock of investment, rather than invest in faculty, ...

My Bendheim Center talk and discussion with Markus Brunnermeier on all things Covid-19 and economics is now on YouTube, direct link here ....