Today I spoke with Robert Wenzel of the indispensable site EconomicPolicyJournal.com. We talk about the Fed, inflation, the BRICs, the housing market, and more. Have a listen! I can promise you a commute-sized portion of liberty education Monday through Friday. Make sure to subscribe to… Read More
Search Results for: inflation
Transcript: David Stockman on the Fed and War, Plus His Journey from Leftism
Not long ago I had a chance to talk once again to David Stockman, budget director under Ronald Reagan and author of The Great Deformation: The Corruption of Capitalism in America . Here’s the audio , and here’s a YouTube . A very compelling conversation. Here’s the full transcript. (For transcripts of all my interviews, click here ; for the Tom Woods… Read More
All Episodes of the Tom Woods Show
I’ve already recorded 65 episodes of the Tom Woods Show! Scan the show topics below (they’re all linked to the audio, so you can easily listen to any that strike your interest) for a sense of the variety of areas we cover. Please subscribe to… Read More
Murphy/Woods vs. Summers/Krugman
Larry Summers: Why, there’s no harm in inflation at a time like this! Quit worrying! Larry Summers: Hmm, our economy seems to be riddled with bubbles. I wonder what could be causing that! Bob Murphy and I discussed bubbles, inflation, business cycles, and negative interest… Read More
THAT AUSTRALIAN MINIMUM WAGE
So-called progressives raise this objection a lot: Australia has a high minimum wage and robust employment, so…. This week I had Ben O’Neill, a professor in Australia, clear things up for us in an episode of my podcast . Inspired by the program, Ben went on to write an article on the… Read More
The Inane ‘Phillips Curve’
From an interview with Professor Jeffrey Herbener : AEN: You’ve done some interesting work on that great diversion, the Phillips Curve. HERBENER: A professor of mine used to say that the Phillips Curve is a fact in search of a theory. But he had it backwards. It never was a… Read More
I Stand Corrected: I Have Found the Worst Article of 2013
In terms of sheer incomprehension, begging the question, unstated assumptions, gratuitous nastiness, and overall ignorance, I’m not sure we’re going to beat this piece by Christopher Maloney (who among other things still lives in the world of the Phillips Curve, as if the intellectual beating it’s taken had never occurred): There are… Read More
It Is Too Hard to Decide on Worst Article of the Year
Just when I think I have it nailed down, another one comes along. The American Enterprise Institute’s James Pethokoukis has outdone himself with “ Why Do Rand Paul and Obama Distrust the Free Market So Much? ” (Thanks to Norm Singleton for the link. Or should I really thank him for this link?) Let’s go through it… Read More
Monetary Policy Is Easy, Says Yglesias
Here’s the deep thinking that got Matt Yglesias where he is today: Bernanke is making monetary policy seem hard, but it should be easy: Looser money when inflation is low, tighter when it’s high! — Matt Yglesias (@mattyglesias) June 20, 2013
Half of College Grads Working Jobs That Don’t Require Degrees
Over on Rob Port’s blog , we get confirmation of what we’ve been hearing anecdotally: according to the BLS, 48% of recent college graduates are in jobs requiring less than a four-year degree. Rob then cites a Forbes article: In 2011, 1.5 million, or 53.6% of college grads… Read More