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Most recent posts

  • The Short Run is Short

    posted to Eli Dourado on Tue 18th Sep 12

    I’m a fan of Scott Sumner, NGDP level targeting, and many of the ideas of market monetarism in general. However, unlike many of those who support these ideas, I am pessimistic that QE3 will fix the economy, and I worry that too much celebration by market

  • Debt is Worse than You Think

    posted to Eli Dourado on Sun 9th Sep 12

    Toban Wiebe, a brilliant young economist of my acquaintance, writes In Praise of Consumer Debt:Debt is a wonderful thing. But many intelligent and responsible people have debt aversion, believing that the optimal level of debt is zero. They proudly brag when

  • 5 Reasons TacoCopters will be More Important than Hoverbikes

    posted to Eli Dourado on Sat 8th Sep 12

    In Forbes, the excellent Adam Ozimek agrees with me that TacoCopters—commercial drones that deliver goods—will be an important economic advance. However, he thinks that they will also cause some economic drawbacks, and that on balance, hoverbikes—like

Most popular posts

  • The Short Run is Short

    posted to Eli Dourado on Tue 18th Sep 12

    I’m a fan of Scott Sumner, NGDP level targeting, and many of the ideas of market monetarism in general. However, unlike many of those who support these ideas, I am pessimistic that QE3 will fix the economy, and I worry that too much celebration by market

  • Etsy and the Business Cycle

    posted to Eli Dourado on Tue 13th Mar 12

    Reihan Salam offers some very good thoughts on self-employment via Etsy and Kickstarter as a possible driver of economic recovery, in which he kindly quotes yours truly on technologies of control and resistance. What follows are just a few additional ideas

  • Caplan on the ZMP Hypothesis

    posted to Eli Dourado on Wed 16th Nov 11

    I’m puzzled by Bryan Caplan’s hostility (1, 2, 3) to the ZMP hypothesis. It is hard to think of another idea that is more Caplanian. This is after all the man who pointed out that “the lower deciles don’t contribute that much to the

Latest posts linking here

  • Sticky Price Keynesianism & Monetarism are ZMP Theories, by Garett Jones

    posted to EconLog on Wed 17th Apr 13

    Why are apparently good workers unemployed for so long in recessions? One channel that Tyler has promoted is ZMP: Some workers are almost completely unproductive, so employers can them rather than have them eat up all the pizza on Pizza Fridays.  One might

  • The bottleneck

    posted to Free exchange on Wed 26th Sep 12

    ELI DOURADO recently wrote that he thought America's economy was no longer in the short run, within which unemployment could be chalked up to weak demand. Lots of people, including me, wrote to disagree, and Mr Dourado has now responded. I have to say I find

  • Is There Really Excess Money Demand After All These Years?

    posted to Macro and Other Market Musings on Mon 24th Sep 12

    Larry White wants to know why Market Monetarists still think there is an excess money demand problem : Scott Sumner told us in September 2009 that "the real problem was nominal," that is, the recession and its high unemployment were primarily due to an unsatisfied