On the left is a graph from a really neat paper, “Low-Latency Trading” by Joel Hasbrouck and Gideon Saar (2011). You’re...
Hope for Europe
A provocative Wall Street Journal OpEd by Donald Luskin and Lorcan Kelly gives me hope for Europe.No, I’m not talking about...
Taylor on Lehman and TARP
John Taylor took the trouble to respond to Paul Krugman’s latest outrage on the sources of the financial crisis. Taylor’s...
Fed Independence 2025
Headline: The Fed just forced mortgage servicers that got caught submitting “documents that were not properly...
Where your money goes
Two nice graphs from the New York Times Comment: Now, could we please stop talking about how we need more taxes to...
Wallison on financial regulation
Peter Wallison has an important Op-Ed in the Wall Street Journal last week (AEI link) titled “Dodd-Frank and the...
The Real Trouble With the Birth-Control Mandate
(This is a Wall Street Journal Op-Ed. If you don’t subscribe, there is a pdf on my webpage.)When the administration affirmed...
Taylor's graphs
John Taylor wrote a very nice blog post, “Reassessing the recovery”. He made two graphs, reproduced here. On the top you...
Sargent on debt and defaults
Tom Sargent’s Wall Street Journal oped is well worth reading closely. It’s a very short summary of his Nobel prize speechAs...
Negative stimulus, 1946
I ran across a fascinating article, “A Post-Mortem on Transition Predictions of National Product,” in the 1946 Journal...
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