The Grumpy Economist

It was interesting watching and reading about the Supreme Court arguments on the constitutionality of the health-care law. This is an inte...

I'm in Japan, one great data point on the ineffectiveness of fiscal stimulus, and the reason for blog silence for the last week or so. I...

(This is also a Bloomberg "Business class" column, with minor improvements.) Austerity isn't working in Europe. Greece is ...

I'll be at the Booth campus in London next Monday March 12 as part of a panel discussion with Francesco Garzzarelli and Charles Goodhart...

The Economist has a great article, " Too big not to fail " about the Dodd-Frank regulation. Readers of this blog will know I'm...

Last week there was a fiscal stimulus debate between titans John Taylor and Larry Summers, at Harvard. Taylor wrote his opening remarks on h...

I was reading Nick Paumgarten's New Yorker article about Davos in the bathtub this morning, and ran into this gem: The Belvedere [hot...

Last week Benn Steil wrote a very interesting oped on housing . (Originally at Financial News ) He unearthed the amazingly large number of y...

On the left is a graph from a really neat paper, " Low-Latency Trading " by Joel Hasbrouck and Gideon Saar (2011). You're lo...

A provocative Wall Street Journal OpEd by Donald Luskin and Lorcan Kelly gives me hope for Europe. No, I'm not talking about Greece, ...

John Taylor took the trouble to respond to Paul Krugman's latest outrage on the sources of the financial crisis.  Taylor's post --...

Headline: The Fed just  forced mortgage servicers  that got caught submitting "documents that were not properly notarized," among ...

Two nice graphs from the New York Times   Comment: Now, could we please stop talking about how we need more taxes to pay for roads and b...

Peter Wallison has an important Op-Ed in the Wall Street Journal  last week ( AEI link ) titled "Dodd-Frank and the Myth of Interconne...

(This is a Wall Street Journal Op-Ed . If you don't subscribe, there is a pdf on my webpage .) When the administration affirmed last m...

John Taylor wrote a very nice blog post, " Reassessing the recovery ". He made two graphs, reproduced here. On the top you see ...

Tom Sargent's Wall Street Journal oped is well worth reading closely. It's a very short summary of his Nobel prize speech As read...

I ran across a fascinating article, " A Post-Mortem on Transition Predictions of National Product ,"  in the 1946 Journal of Polit...

The Financial Times reports an amazing interview with Martin Wheatley, the "head of the UK's new consumer protection watchdog....

I recently read again a very nice paper by Toby Moskowitz and Effi Benmelech, " The Political Economy of Financial Regulation " wh...