Last year’s recap was subtitled “Triumph of the Blowhards”. So far, my plea for the return of rational policy analysis (let alone facts) has failed to occur. But the struggle for sanity must continue.
In search of a “supply side success” after the end of the Kansas experiment, conservative observers turn to Wisconsin. The Manhattan Institute’s Mr. Riedl declares victory: Wisconsin’s job growth over the past six years has been extraordinarily strong. When last we met Mr. Riedl, he was explaining why fiscal policy could have no impact on […]
Time to emulate the media’s “year in review” pieces, with my own take on the most outrageous, nonsensical assertions presented in the guise of analysis. Here are my ten most hilariously deluded excursions into the fantasy world from my postings to Econbrowser. The inspirations range from (once again) the Heritage Foundation’s analyses (where have you gone, Bill Beach!) to the ongoing search for hyperinflation/crowding out.
Lessons from the American Recovery and Reinvestment Act (ARRA)
Or, cognitive dissonance in the conservative world
I have been updating graphs for my money and banking course, and here is the graph I generated to illustrate the tremendous impact of government borrowing on interest rates via portfolio crowding out (as argued in this post).