The Grumpy Economist

This is a Wall Street Journal Oped 6/24/2013 Regulating the riskiness of bank assets is a dead end. Instead, fix the run-prone nature of ...

Greg Mankiw has an intereting new article draft, titled " Defending the 1% "  It's mistitled really, as the main point I got o...

The weekend wall street journal had an interesting article about high speed trading, Traders Pay for an Early Peek at Key Data . Through Tho...

Three recent views on the dismal labor market pose an interesting contrast. Alan Blinder wrote a provocative WSJ piece on 6/11, Fiscal Fix...

I recently read two interesting items in the long-running financial regulation saga. First, a very thoughtful, clear, and succinct speech ...

From the press release here  and here Wednesday, June 5, 2013 WASHINGTON, D.C. — Following new figures that show a 34 percent jump over l...

I wrote a short essay on immigration for Hoover's "Advancing A Free Society" series. It's here , and reproduced below.  Th...

Might raising interest rates, but not paying interest on reserves, actually be "stimulative," inducing banks to lend out reserves?...

He: "Honey, I'm getting tickets for Sunday's football game. Do you want to come?" Forward guidance .  She: "As thi...

My daughter Sally is at the Grand Central Academy of Art in New York. This is one of her still lives (yes, it's a painting). See if you...

The WSJ has a fascinating Op-Ed by Andy Kessler, " The Fed Squeezes the Shadow-Banking System " Andy thinks that Quantiative Easin...

Richard Epstein has a lovely essay, " The Real Lesson of the IRS Scandal " As lots of commentators left and right are realizing, t...

The Wall Street Journal had a really heart-warming article,  Europe's Recession Sparks Grass-Roots Political Push   about groups taking...

I am giving a talk Thursday May 30, titled  "The Role of Monetary Policy, Revisited."  The event is at Booth's Gleacher Center...

For a talk I gave a week or so ago, I made some more interest-rate graphs. This extends the last post on the subject. It also might be usef...

In writing about the ACA and our health-care problems, I started to think more and more about supply restrictions. In every other industry, ...

It's time to start a new series on "energy idiocy." You just can't make this stuff up... From today's WSJ : BRUSSEL...

"Finance: Function Matters, not Size" This is the new title of the published version of "The Size of Finance," which I p...

Holman Jenkins has a revealing Cyprus update in  today's Wall Street Jounal . For those of you who haven't been following the news,...

Last week the Treasury announced that is it going ahead with floating-rate debt, and gave some details how it will work. The Wall Street Jou...