The Grumpy Economist

The Dec 14  Wall Street Journal amplifies my warnings on the movement to de-fund fossil fuels by financial regulation, citing "climate...

  Christmas in Quarantine by Hard Femme   A merry Christmas -- or whatever you celebrate this time of year -- in quarantine, from a favorit...

The tech industry is fed up and leaving San Francisco in particular, the valley and California in general. Covid, like a war, speeds things ...

I wrote an oped for Il Sole 24 Ore on central bank digital currency, as part of a series they are doing. It's here in their premium ed...

Alberto Bisin has written  an intriguing short review  of Stephanie Kelton's  The Deficit Myth . Alberto focuses on the  rhetoric  of MM...

The wrap-up goodfellows for the year, a great conversation with H.R. McMaster and Niall Ferguson, moderated by Bill Whalen who serves up th...

Our national debt denial is a new essay on debt. Yes, it repackages many themes from previous essays, but debt is important, and I'm re...

Part 1: Who should get the vaccine first? Sell to the highest bidder. The disease and recession go away faster.   Part 2: The cost of perfec...

Hoover is hiring in its fellows program! This is roughly analogous to an assistant/associate professor position, aimed at new PhDs or people...

The Fed wants to control inflation. Now, it targets the nominal interest rate. But to do that it has to guess what the right real inter...

 "For 40 years Walter was the heart and soul of George Mason’s unique Department of Economics. Our department unapologetically resists ...

 400 years ago, a group of intrepid migrants signed the Mayflower Compact IN THE NAME OF GOD, AMEN. We, whose names are underwritten, the Lo...

 A lovely point from the always creative Tyler Cowen Say, for the purposes of argument, that you had 20,000 vaccine doses to distribute. The...

Part 1: The OCC The OCC issued a refreshing rule proposal , covered in a nice WSJ oped  by Brian Brooks and Charles Calomiris. It is as inte...

On Friday Nov. 20, as reported in the official Stanford News , the Stanford Faculty Senate formally condemned Scott Atlas, Hoover Senior Fel...

 Lars Svensson has a very interesting challenge to the Neo-Fisherian view. (See link for slides.)  What happens to inflation and unemployme...

Eric Budish has an update to his excellent Covid-19 paper. Eric has a few deep central insights about pandemic management, which necessaril...

Three bits of news illustrate the state of things in US academia.  1. UC and Prop 16 A proposition was placed before the citizens of Califor...

"Artificial intelligence model detects asymptomatic Covid-19 infections through cellphone-recorded coughs" reports MIT News.  Well...

Debt still matters   is an essay on debt at the Chicago Booth Review. It is a cleaned up and edited version of previous blog posts here and...