Economics Art

I was researching the European Stability Mechanism this morning for a paper on the evolution of the euro, and I ran across this gem of econo...

Truss Tragedy

(at Project Syndicate ) The Liz Truss Tragedy The former British prime minister’s downfall holds important lessons for growth-minded polic...

Inflation Expectations

  From Torsten Slok at Apollo Global Management. The picture says it all, but Torsten's commentary is especially good:  Inflation wi...

More UK finance regulatory failure

In previous blog posts here and here , I criticized UK financial regulators for missing simple leverage and margin requirements in UK pensi...

Nobels and financial crises

 (At National Review ) What This Year’s Nobel Economists Can Teach Us about Financial Crises This week, economists are celebrating the Nob...

Mind the store

On the same page in today's WSJ: One third of DC bus riders don't bother to pay the fare . Also in New York .  The State Departmen...

UK finance fable update

Update to my previous post on the UK treasury imbrogli o:  The Bank of England explains,  saying about as much as I did. Pension funds leve...

Out of the box risks

Policy Tensor on the consequences of a Russian nuke was very interesting:  Consider the least escalatory option, that of a “demonstration...

Sowell Nobel Redux

Nobel Prize season is around the corner. Last year, I blogged in favor of Tom Sowell . I update, with some edits.  Dear Nobel Committee: Ho...