The Grumpy Economist

 New post over at grumpy-economist.com substack

With President Milei's election in Argentina, dollarization is suddenly on the table. I'm for it. Here's why. 

If you have not been paying attention, our government has decided that all electric vehicles are the solution to the climate problem. At lea...

Larry Summers wrote an interesting  oped at the Washington Post.  Mostly, he still is of the adaptive-expectations ISLM view that interest r...

(at Project Syndicate ) The Liz Truss Tragedy The former British prime minister’s downfall holds important lessons for growth-minded policym...

Phil Gramm and John Early have a new WSJ oped, based on their smashing new book . Both are based on an astounding fact: The numbers used by...

In the last Goodfellows , we batted around the question of how China would respond to Nancy Pelosi's visit.  In this context, news just ...

Dominic Pino has a lovely National Review article on Mexican trucks. Watch the sausage in the making. Excerpts with commentary Congress ban...

An oped at Project Syndicate Inflation’s return marks a tipping point. Demand has hit the brick wall of supply. Our economies are now produ...

At Project Syndicate  essay, with Jon Hartley. It's not the first, and it won't be the last on the issue!  Now that surging inflatio...

We need to be reminded occasionally that nothing matters but long-run growth, and long-run growth all comes from productivity, better knowle...

The Revenge of Supply , at Project Syndicate Surging inflation, skyrocketing energy prices, production bottlenecks, shortages, plumbers who ...

How much does climate change* actually affect GDP? How much will currently-envisioned climate policies reduce that damage, and thereby raise...

  All pre-covid. European GDP per capita fell in the decade following the financial crisis. US growth was nothing to write home about, but ...

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...

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

Conversation with Tyler podcast interview. Perhaps predictably, the most challenging interview / podcast I've ever done. Video here   a...

I learned a lot. The book is very interesting. Direct link in case the following embeds don't work.    

    Source  Stephan Schubert Source: Chad Jones "straight out of the Penn World Tables, and I first learned about it from Lee Ohanian a...

Here are two unsettling slides I made for a talk. Here is GDP per capita in US, UK, France and Italy and China (2020 dollars, source world b...