The Grumpy Economist

Inspired by Casey Mulligan's blog post,  I went to read some of the "Build Back Better" bill . (Is it just me, or doesn't...

There is less than a week to go before the Economics Nobel Prize.  Dear Nobel Committee: How can you not give the prize to Tom Sowell this ...

 A podcast discussion with Casey Mulligan. What's in the reconciliation bill? How will it work?  Link to the podcast page , with lots ...

Every now and then the old New York Times resurfaces, with detailed reporting, actual facts, whether or not they support The Narrative. Such...

I did a Rational Reminder podcast and video, focusing on portfolio theory , but also a tour through asset pricing. My hosts Benjamin Felix a...

 A correspondent sends me the lovely FiveThirtyEight site,  on how to p- hack your way to scientific glory .   Should I be proud or ashamed ...

I was interested by a simple survey run by the Archbridge Institute  on attitudes regarding inequality vs. opportunity, and  equality vs. eq...

 Another great graph from Torsten Slok at Apollo Foreigners hold less, Fed holds more. However, the Fed doesn't really hold Treasurys. T...

 California has at last passed the first laws overturning some residential zoning restrictions. WSJ coverage here .   From the California YI...

Torsten Slok passed on a lovely graph, created from the Philadelphia Fed survey of professional forecasters:  It's not just the Fed, who...

I was going to write about the FDA's idiotic booster recommendations, and then I found the perfect answer on Marginal Revolution, which...

The debt ceiling dance has started again. Read Treasury Secretary Janet Yellen in the Wall Street Journal .  A modest proposal: Issue perpet...

An essay at Project Syndicate Inflation in the Shadow of Debt Today’s inflation is transitory, our central bankers assure us. It will go awa...

(Note: This post uses mathjax equations. If you see garbled latex code, come to the original source .)  The effect of monetary policy on ...

A correspondent sends me this gem from Tom Sowell:  This was written in 1995. So no, he was not talking about any of the great causes that i...

An essay on climate economics at  National Review .  *** Climate policy is ultimately an economic question. How much does climate change hur...

The point of ESG investing is to lower the stock price and raise the cost of capital of disfavored industries, and therefore slow down their...

Percy Deift, Svetlana Jitomirskaya, and Sergiu Klainerman have a well-informed essay at Quillette on the state of math education in the US ...

My previous post on Delta policy and masks led to some discussion that went off the rails, on twitter especially. An effort to summarize th...

  The goodfellows video and podcast returns! Direct link , in case the above embed doesn't work for you.  This week's show is about ...