The Grumpy Economist

Bari Weiss asked me to write a short post  for her substack offering some inflation explanations on the occasion of post-Thanksgiving shoppi...

I had a great time at the CATO monetary policy conference  last week. A brief view on why we're having inflation and the chance it will ...

A Convenient Myth : Climate risk and the financial system. At National Review Online.  In an October 21 press release , Janet Yellen — Treas...

The discussion about inflation is pretty confused. There is a lot of confusion about aggregate demand vs. individual demand, aggregate suppl...

This is a follow up to a post on the Stanford faculty petition on free speech. I place my comments here, in a separate post. I want to be su...

 Academic Freedom at Stanford [This petition was sent to the president of Stanford on April 13th, 2021] The signatories of this letter are c...

From Federal Reserve Bank of New York,   How Bad Are Weather Disasters for Banks? Kristian S. Blickle, Sarah N. Hamerling, and Donald P. Mor...

It's time to get those applications in for the Hoover Fellows program .  This is a program for young scholars. It's a real job, not ...

The institutions of civil society are now thoroughly politicized. "Wokeness" is their ideology and religion,  and mastering an eve...

Should the Fed raise interest rates fast? Or should it leave them alone, figuring inflation will be "transitory?"  Lots of model...

A keynote talk at the FGV EPGE (Brazilian School of Economics and Finance) 60th anniversary conference, program here . Direct link to my tal...

The Revenge of Supply , at Project Syndicate Surging inflation, skyrocketing energy prices, production bottlenecks, shortages, plumbers who ...

Inspired by Casey Mulligan's blog post,  I went to read some of the "Build Back Better" bill . (Is it just me, or doesn't...

There is less than a week to go before the Economics Nobel Prize.  Dear Nobel Committee: How can you not give the prize to Tom Sowell this ...

 A podcast discussion with Casey Mulligan. What's in the reconciliation bill? How will it work?  Link to the podcast page , with lots ...

Every now and then the old New York Times resurfaces, with detailed reporting, actual facts, whether or not they support The Narrative. Such...

I did a Rational Reminder podcast and video, focusing on portfolio theory , but also a tour through asset pricing. My hosts Benjamin Felix a...

 A correspondent sends me the lovely FiveThirtyEight site,  on how to p- hack your way to scientific glory .   Should I be proud or ashamed ...

I was interested by a simple survey run by the Archbridge Institute  on attitudes regarding inequality vs. opportunity, and  equality vs. eq...

 Another great graph from Torsten Slok at Apollo Foreigners hold less, Fed holds more. However, the Fed doesn't really hold Treasurys. T...