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I realize it must be difficult to maintain a constant barrage of “just breaking” financial news stories, but CNBC really puts out some doozies. Take for example a recent article titled, “Higher Savings Rate Is Great, But What About the Economy?” When the title itself is nonsense — why would high savings be great if they destroyed the economy? —

In a recent article , Paul McCulley, managing director of PIMCO, was very enthusiastic about Bernanke’s handling of the financial crisis, and argued that the Fed had the tools necessary to avert large price inflation. Unfortunately, McCulley’s arguments have gaping holes; he has hardly dispelled my prediction of massive stagflation . Because

Even as the Austrian critique of Greenspan’s housing bubble gains more adherents, some economists have tried to exonerate the former Maestro. Previously on these pages, I have responded to Henderson and Hummel’s defense of the former Fed chairman, and I also took on Greenspan’s own list of excuses. In today’s article I’ll go through Brad DeLong’s

In a recent New York Times column , Paul Krugman lamented our society’s lavish rewards for bad actors. No, he wasn’t criticizing the original cast of Star Trek . Rather, Krugman was bemoaning the hefty earnings that accrue to financial executives. Unfortunately, Krugman’s critique is riddled with irrelevant paper citations and internal

Here at Mises Daily , we often poke fun at left-liberal Democrats for their Keynesian ways. To prove that this is about ideas, not parties, today we’ll focus on a recent blog post in which Republican economist Larry Kudlow came out in favor of extending the “cash-for-clunkers” program. As we’ll see, Kudlow’s arguments are pure Keynesian nonsense.

A few years ago on these pages , I harshly criticized an article urging New Yorkers to “eat local,” and went so far as to dub the young lady’s column, “The worst economics article ever.” I am here to report that her record has been smashed. Floyd Norris’s recent New York Times article on the greenback is hands down the worst economics article I

In my last article on these pages, I offered criticism of a New York Times article that had praised the Lincoln administration’s property violations in pursuit of military objectives. Today I want to focus on a regular Wall Street Journal columnist who praises the Obama administration’s plans to violate property rights in pursuit of socializing

Paul Krugman has concentrated his fire recently on those “thumping their chests” over the falling dollar. He has particular scorn for those recommending a return to the gold standard. In Krugman’s view, a simple look at the historical facts will show that it was a superstitious fetish for the yellow metal that prolonged the Great Depression. A

“Readers of these pages know that I am no fan of Paul Krugman. But I do want to explain that I understand why he and Romm freaked out about this chapter.” One of the ugliest battles in the blogosphere climate wars has involved the newly released Superfreakonomics , sequel to the best-selling Freakonomics . In their new book’s final chapter,

“Krugman has convinced me of the virtues of currency debasement. I henceforth want to devalue my checking account.”   Long-time readers know that I am second only to Bill Anderson in my constant criticism of Paul Krugman. Indeed, I quite recently defended the gold standard from Krugman’s ridicule. Given this context, I am very surprised to