The Grumpy Economist

Source: Torsten Slok Torsten Slok, prodigious producer of graphs, sends this one along. A section of macroeconomics holds that nominal...

Following up on my last immigration post , a thought occurred to me. The most common objection is the claim that letting immigrants in wil...

Hoover's Peregrine asked me to write an essay with the title, "What is the optimal number of immigrants to the U.S?"  ( Origin...

Larry Summers has published a very interesting speech, U.S. Economic Prospects: Secular Stagnation, Hysteresis, and the Zero Lower Bound . I...

Source: Lucca, Seru and Trebbi David Lucca, Amit Seru and Francesco Trebbi have an interesting working paper, "The Revolving Door a...

A piece of local news in Chicago is worthy of wider attention. As reported on the front page of the Chicago Tribune  June 16, A federal judg...

The Monday lead editorial in the Wall Street Journal on a FERC (Federal Energy Regulatory Commission) story is revealing on the increasingl...

Another graphic novel in the Booth Capital Ideas  magazine. This is just page one, click on the link to see all four pages. It's an inte...

I found quite interesting Matt Stoller's review of Treasury Secretary Tim Geithner's book at vice.com.  Matt read between the lines...

The Economists Free Exchange blog covers narrow banks , and parts of my "run free" paper in a post somewhat mean-spiritedly -- or...

I'm reading Bob Hall's Macro Annual paper  (ungated here ). The burning question is, how much of our low GDP relative to the pre-200...

Before politicians were telegenic. Source: Wall Street Journal I enjoyed very much last weekend's WSJ Oped, " In Search of Gla...

Last Saturday I got to go to the  biannual meeting of the Macro-Finance Society . This is a great new effort spearheaded by outstanding yo...

Last week I attended a conference at Hoover, " Frameworks for Central Banking in the Next Century ." It was very interesting for ...

Philadelphia Fed President Charles Plosser made this nice graph, showing how reduced views of potential GDP are closing the gap, not rises...

A fascinating quote in today's Wall Street Journal : Warren Buffett to Tim Geithner just after the Bear Sterns bailout: "I was so...

A follow-up to " groundhog day ," reflecting some comments and email. Here is a pretty up to date graph of real GDP, the CBO...

Torsten Slok once again makes a beautiful graph, of the kind I posted at the bottom of Punditonomics , reminding us of the foibles of for...

Corresponding on the " Run Free Financial System ," François Velde at the Chicago Fed sends me an interesting paper, " Early ...

Cliff Asness, Andrea Frazzini, Ronen Israel and Toby J. Moskowitz have a lovely SSRN paper  "`Fact, Fiction and Momentum Investing....