The Grumpy Economist

I got a chance to see the page proofs of Michael Weisbach's upcoming book, " The Economists' Craft. "  This leapt out at m...

  Source. My correspondent provides the answer:  5bps: IVV (column #3) (iShares Core S&P 500 ETF) 15bps: ESGU (column #1)  (iShares ...

Senator Ted Cruz wrote a blistering Wall Street Journal Op-Ed decrying CEOs who pander to Democrats by making profoundly uninformed public ...

William Gropper, Construction of the Dam, 1938 To many on the left, it's always 1933. Building "roads and bridges" will "...

Essay at  National Review Online.   Inflation: The Ingredients Are in the Pot, and the Fire Is On. (But will it boil?)  John H. Cochrane and...

I learned something from the New York Times lead editorial on Sunday. Why are we not shipping mega quantities of vaccines to countries like...

Martin Wolf's FT interview with Larry Summers is a great read. It would be a great read for its articulate numeracy if Larry were a Rep...

Paul Graham adds interesting thoughts on inequality, looking at the Forbes 100. Maybe we don't have enough inequality, and maybe the r...

David Splinter and Gerald Auten gave last week's Hoover Economic Policy Working Group seminar, summarizing their past and some work in ...

Jason Crawford's "Roots of Progress" blog on what happened to nuclear power is an important read for many reasons, among them...

This post follow's last week's post on inflation levels prompted by the big March increases in CPI and PPI, and the CEA  tweetstorm ...

 March inflation is up. The CEA delivered a historic tweetstorm . It starts with  temporary factors: base effects, supply chain disruptions,...

 I did a few fun video conversations last week.  This is a conversation with Ryan Bourne, Megan McArdle, and Alex Tabarrok on economics...

Greg Ip has a great column in the WSJ on Bidenomics.   It's not long, it's so well written that it's hard to condense the good p...

Secretary of the Treasury, and ex Federal Reserve Chair Janet Yellen recently hosted an important meeting of the Financial Stability Oversig...

"San Francisco bans affordable housing," is the spot-on conclusion of a lovely post  by Vadim Graboys  (link to twitter).  The pos...

  From Torsten Slok at Apollo. Torsten explains Current pricing for caps and floors shows that the market sees a 30% probability that inflat...

In one of their series of excellent WSJ essays, Phil Gramm and John Early notice  that conventional income inequality numbers report the dis...

Update : An expanded and improved version of this post is at city journal , or here (pdf on my webpage )  I had the honor of testifying at t...

Marginal revolution links to a great read on contemporary macroeconomics from J.W. Mason . It's mostly wrong, I think, but very thought...