Bob Murphy has a great post about Berkeley Keynesian Brad DeLong. You can read the DeLong passages themselves at Bob’s blog , but let me give you Bob’s commentary. (The rest of what follows is all Bob.) Now I know, I know, DeLong, Krugman, Thoma, Baker, et al.… Read More
Search Results for: Bob Murphy
The Return of the Zombie
As part of a joint event we’re doing in New York City on June 8 (details to come), Bob Murphy and I are planning to do The Return of the Zombie. (If the zombie reference is eluding you, check out InterviewWithAZombie.com .) I am soliciting ideas:… Read More
A Debate to Watch
Bob Murphy, who has the well-known challenge to Paul Krugman I’ve been talking about, will be debating Warren Mosler, an advocate of Modern Monetary Theory (MMT). Details will be forthcoming. It’s fun to read the comments in the post announcing the debate . Here’s one: “Robert Murphy is just going to parrot the same… Read More
Over $100,000 Pledged to See Krugman Debate Austrian
I’m getting ready to head out for the Austrian Economics Research Conference this week, so blogging will be light until I get there, but here’s my friend Bob Murphy updating us on the status of the Murphy-Krugman debate . Bob has now drummed up over $100,000 in pledges to make this… Read More
Yes, I Am Calling Brad DeLong a Name, Because He Deserves It
Brad DeLong is a professor of economics at UC Berkeley. He is a Keynesian. He is also a vicious, no-class jerk. I shouldn’t call people names, you say. But what if he really is a vicious jerk with no class? Proof: economist Bob Murphy wrote… Read More
The Minimum Wage Is Still a Bad Idea
So the talk these days involves raising the minimum wage to $9. This is not supposed to have any effect on unemployment, even teen unemployment. Now it seems at least conceivable that some teens, who tend to have no experience, are not worth hiring at… Read More
The New York Times Is a Giant Make-Work Project
Paul Krugman’s articles, one begins to suspect after a while, are intended to provide employment for Bob Murphy . Is David Brooks, the Times’s house conservative, my own personal make-work project? Here’s a good rule of thumb. The phrase “New York Times house conservative” should never fill… Read More
Nullification is a ‘Code Word,’ Says Senator
Senator Tim Kaine (D-VA) told CNN’s Soledad O’Brien that Rand Paul’s threat to “nullify” Obama’s executive orders pertaining to guns was a poor choice of words; “nullify” is a “code word,” he says. What’s it a code word for? Kaine won’t say: It’s a states… Read More
Fed Official: How to Unwind?
Philadelphia Fed President Charles Plosser warns that scaling back the Fed’s balance sheet without causing further damage to the economy could be difficult: “If it doesn’t go smoothly, we may do more damage to the economy in terms of instability, or a rise in unemployment. I think those concerns are… Read More
I’m Just So Scared of the Fiscal Cliff
I hope you’re sitting down for this: coverage of the “fiscal cliff” is a lot of hype. Bob Murphy looks at the numbers and concludes that if the government goes over the “cliff,” then some $9 billion in cuts will take place. That’s three-tenths of one percent of government spending. By… Read More