The Grumpy Economist

Question: What is an easy way to reduce immigration in to the US (if you want to do that)? Answer: Buy what they have to sell. If they can...

My view: the corporate tax should be zero. Not just a zero rate, but the tax should be abolished. Lowering a rate is just an invitation to r...

A broad-ranging interview on economics and policy by Peter Robinson as part of the Hoover "Uncommmon Knowledge" series. Click ...

From the WSJ moneybeat blog : China’s central bank extended support on Friday to a group of unnamed but large banks...  the People’s Bank ...

I found Frank Bruni's opinion piece in the Sunday New York Times noteworthy on the whole question of rule of law in regulation: Hilla...

The Jan 9 Wall Street Journal had this nice graph, accompanying an article by Josh Zumbrun, " Top Economists Grapple with Public Disd...

Source: Real Clear Politics The electoral college is back in the news, with Democrats suddenly discovering it's a terrible idea. I...

How would you like to work at Hoover for a year, focusing on research with no teaching or other responsibilities, and soaking up the intelle...

A draft of a new paper is up on my webpage, " Michelson-Morley, Occam and Fisher: The Radical Implications of Stable Inflation at Near-...

Source: Wall Street Journal "President-elect Donald Trump owns a helicopter in Scotland. To be more precise, he has a revocable t...

Source: Wall Street Journal On November 7 I wrote " Don't believe the economic pessimists ," an oped about growth in th...

Where will the next crisis come from?  Every crisis starts with a pile of debt that can't be paid back, and shady accounting to hide tha...

The Fed has a huge "balance sheet" -- It owns about $3 trillion of government bonds and mortgage backed securities, which it finan...

When Paul Krugman, Larry Summers ,  Sarah Palin, and the Wall Street Journal  all agree on something -- that presidential deal-making and st...

Roll up your shirtsleeves, financial economists. As reported by Elizabeth Dexheimer at Bloomberg , Rep. Jeb Hensarling is “interested in wor...

I'll be part of " Central Bank Governance and Oversight Reform: A Panel Discussion " at the Hoover Institution Washington DC...

For Thanksgiving, I offer a rumination. Last month, the Hoover Institution's fall retreat was organized around the theme of American E...

From Chris Kirkham in today's Wall Street Journal , department of you can't make this stuff up: Nearly two-thirds of Los Angeles v...

Matt Yglesias (HT Marginal Revolution ) writes well of the danger facing America in the era of the regulatory state. Those who support th...

Dear President-Elect Trump: The media and punditocracy are full of speculation about your "100 day" program. It sounds like you ...