The Grumpy Economist

There are two interesting tidbits of banking news in today's (9/10/2013) papers. The Wall Street Journal has a long page 1 article, ...

Raghu Rajan celebrated his first day on the job running India's central bank. Coverage from Financial Times and Wall Street Journal . ...

Tom Sargent and John Stachurski go online  with a fascinating web based course in quantitative economic modeling. Two thoughts.  The educa...

My pick for Fed chair below. I don't have much to say on the choice between Janet Yellen and Larry Summers. Both are worthy economists, ...

Ronald Coase has died, inspiration and hope for those of us who don't write 10 papers a year. But they have to be good ones. Two insig...

An anonymous correspondent explained last week's Nasdaq freeze thus. The truth about what happened Aug 22 to the Nasdaq is that new li...

Source: Wall Street Journal Not a fan. A Wall Street Journal Op-Ed.  Link to WSJ .  Link to pdf on my website . Director's cut follo...

John Taylor is blogging from Jackson Hole Day 1: Skepticism of unconventional policy   Academics say quantitative easing does't do muc...

I will be running a MOOC (massively online) class this fall . Follow the link for information. The class will roughly parallel my PhD asse...

I just read a very nice article by Bob Litterman  in CATO's "Regulation" on the finance of carbon taxes. It includes a review ...

My colleague Raghu Rajan has just been appointed governor of the central bank of India. See  Financial Times  and Reuters.  Congratulations ...

Mark Steyn, while writing on other matters , came up with this gem: 40 percent of Americans perform minimal-skilled service jobs about to ...

WSJ Op-Ed on immigration, with extra comments.  Original here . Think Government Is Intrusive Now? Wait Until E-Verify Kicks In Sourc...

Politico's Byron Tau has a hilarious story : Pot legalization activists are running into an unexpected and ironic opponent in their ef...

Greg Mankiw has a cool New York Times article and blog post, " On Au " analyzing the case to be made for gold in a portfolio, in...

From Livestock to the Stock Exchange. © Sally Cochrane All Rights Reserved Artist's description: This is a brief visual history of ...

The unfunded promises of public sector pensions are in the news, with the Detroit bankruptcy. Josh Rauh at Stanford and Hoover has a nice bl...

This is the title of a very well-prepared video made by Hal Weitzman,  Dustin Whitehead  and the Booth "Capital Ideas" team, based...

I just ran across an interesting paper, " Public Health Insurance, Labor Supply, and Employment Lock " by  Craig Garthwaite,  Tal ...

I was intrigued by news stories of an Oklahoma hospital posting prices for surgery -- prices far below those offered by its competitors. Her...