The Grumpy Economist

David Henderson and I wade in to perilous waters in the July 31 Wall Street Journal . We try to stake out a different and more productive co...

Dan Thornton has an  interesting essay , ``The Limits of Monetary Policy: Why Interest Rates Don’t Matter.’’ Just why do we think that the...

The July 13 Wall Street Journal editorial updates yesterday's ray of hope . One remaining debate is over Ted Cruz’s “freedom option.” ...

Kristina Peterson, covering the senate health bill in in the  July 11 Wall Street Journal  reports a ray of hope for our legislative and pol...

Farzon Nahvi, writing in the New York Times , reiterates the tired argument that health care can't be left to the free market, because p...

Bryan Caplan has a nice post at ecconlib . The last part is an ode to the value of simple economic theory, much disparaged in public debate....

In case you stay up at night worrying about the next financial crisis, the good folks at the Financial Stability Board  have produced a nice...

One of the frustrations -- or perhaps challenges -- of studying monetary economics and monetary policy is howFed talk and writing on economi...

I am often asked to opine about whether automation will destroy all the jobs. Yes, we talk about tractors, which brought farm employment fro...

Tim Kroencke at the University of Basel wrote a nice follow up on non-voting shares (previous posts here and here ) , which I share with pe...

Ed Glaeser has a thoughtful essay at City Journal, " The War on Work -- and How to End It.' ' It is interesting that our poli...

Todd Henderson and Dorothy Shapiro wrote me a thoughtful response to my post on non-voting shares . Todd and Dorothy: Response to Cochrane...

Todd Henderson and Dorothy Shapiro Lund have an interesting OpEd in the Wall Street Journal, "Index funds are great for investors, ris...

Anthony Diercks has a very useful review  of the the academic literature on the question, what is the optimal inflation rate? He includes 15...

Ricardo Reis has an excellent essay on the state of macroeconomics. "Is something really wrong with macroeconomics?" In substan...

Charlie Plosser makes the case that the Federal Reserve should hold only Treasuries in its asset portfolio, at Hoover's "Defining I...

One of the core problems of financial reform is how to "resolve," AKA bankrupt, a big bank -- how can equity holders be wiped out,...

My little foray here into the blogosphere sometimes leaves me in slack-jawed amazement at the leaps of illogic in the commentariat. Such...

A revised draft of "Michelson-Morley, Fisher, and Occam" is now on my webpage  (Yes, new title.) This paper argues that the long...

My Hoover colleague David Brady put together this lovely graph, using the Gallup poll results from their standard question, "do you...