Bruce D. Smith on monetarism
18 Sep 2026 Leave a comment
in applied price theory, budget deficits, fiscal policy, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics Tags: monetary policy
Money and Output: Correlation or Causality? Scott Freeman again
18 Sep 2026 Leave a comment
in applied price theory, business cycles, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics Tags: quantity theory of money
Scott Freeman on monetarism
16 Sep 2026 Leave a comment
in business cycles, econometerics, economic history, history of economic thought, labour economics, macroeconomics, Milton Friedman, monetarism, monetary economics, unemployment Tags: quantity theory of money
Money and output: correlation or causality
14 Sep 2026 Leave a comment
in applied price theory, business cycles, economic history, financial economics, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics Tags: quantity theory of money
Scott Freeman on the Phillips Curve
13 Sep 2026 Leave a comment
in applied price theory, business cycles, economics of information, history of economic thought, labour economics, labour supply, macroeconomics, Milton Friedman, monetarism, monetary economics, Robert E. Lucas, unemployment
Bruce D. Smith refutes the quantity theory
12 Sep 2026 Leave a comment
in applied price theory, budget deficits, economic history, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics Tags: quantity theory of money
On the Great Recession
02 Apr 2026 Leave a comment
in Austrian economics, budget deficits, business cycles, economic growth, fiscal policy, global financial crisis (GFC), great depression, great recession, history of economic thought, labour economics, macroeconomics, monetarism, unemployment
TweetPrager University’s new short video on the Great Recession was inspired by Chapter 5 of Phil Gramm’s and my 2025 book, The Triumph of Economic Freedom. The post On the Great Recession appeared first on Cafe Hayek.
On the Great Recession
The actual helicopter drop?
07 Mar 2026 Leave a comment
in applied price theory, development economics, financial economics, growth disasters, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics, property rights
When Milton Friedman pondered what would happen if a helicopter dropped $1,000 from the sky, he likely never imagined that one day a military cargo plane would scatter millions of dollars into one of Bolivia’s largest cities. But while the Nobel Prize-winning economist worried about the inflation that an influx of cash could generate, the impact in…
The actual helicopter drop?
Ninth Karl Brunner Distinguished Lecture by John H. Cochrane, 02.10.2025
14 Oct 2025 Leave a comment
in budget deficits, business cycles, economic growth, fiscal policy, history of economic thought, macroeconomics, monetarism, monetary economics
💰 Inflation, Debt & The Future of the Economy | A Conversation with John Cochrane
12 Sep 2025 1 Comment
in budget deficits, business cycles, currency unions, fiscal policy, history of economic thought, inflation targeting, macroeconomics, Milton Friedman, monetarism, monetary economics Tags: monetary policy
*Crisis Cycle*
02 Jun 2025 Leave a comment
in budget deficits, business cycles, currency unions, Euro crisis, fiscal policy, global financial crisis (GFC), great recession, history of economic thought, international economic law, international economics, macroeconomics, monetarism, monetary economics, Public Choice Tags: European Union
That is the new book by John H. Cochrane, Luis Garicano, and Klaus Masuch, and the subtitle is Challenges, Evolution, and Future of the Euro. Excerpt: Our main theme is not actions taken in crises, but that member states and EU institutions did not clean up between crises. They did not reestablish a sustainable framework […]
*Crisis Cycle*
Left-Wing Economists Were Wildly Wrong about Javier Milei and his Libertarian Agenda for Argentina
10 Jan 2025 Leave a comment
in applied price theory, Austrian economics, budget deficits, business cycles, comparative institutional analysis, constitutional political economy, development economics, economic growth, economics of regulation, financial economics, fiscal policy, growth disasters, growth miracles, history of economic thought, income redistribution, international economics, labour economics, law and economics, liberalism, libertarianism, macroeconomics, Marxist economics, monetarism, monetary economics, political change, politics - USA, property rights, Public Choice, public economics, rentseeking, unemployment Tags: Argentina
It’s easy to mock economists. Consider the supposedly prestigious left-leaning academics who asserted in 2021 that Biden’s agenda was not inflationary. At the risk of understatement, they wound up with egg on their faces.* Today, we’re going to look at another example of leftist economists making fools of themselves. It involves Argentina, where President Javier […]
Left-Wing Economists Were Wildly Wrong about Javier Milei and his Libertarian Agenda for Argentina
Argentina facts of the day
29 Dec 2024 Leave a comment
in budget deficits, comparative institutional analysis, development economics, economic growth, economics of bureaucracy, economics of regulation, F.A. Hayek, financial economics, fiscal policy, growth disasters, income redistribution, international economics, labour economics, law and economics, liberalism, libertarianism, macroeconomics, Milton Friedman, monetarism, monetary economics, property rights, Public Choice, rentseeking, unemployment Tags: Argentina
Argentina’s bonds have already rallied dramatically. One gauge of the nation’s hard-currency debt, the ICE BofA US Dollar Argentina Sovereign Index, has generated a total return of about 90% this year. Meanwhile, the S&P Merval Index has risen more than 160% this year through Monday, far outpacing stock benchmarks in developed, emerging and frontier markets […]
Argentina facts of the day
Marginal Revolution Podcast–The New Monetary Economics!
25 Dec 2024 Leave a comment
in applied price theory, history of economic thought, macroeconomics, monetarism, monetary economics Tags: monetary policy
Today on the MR Podcast Tyler and I discuss the “New Monetary Economics”. Here’s the opening TABARROK: Today we’re going to be talking about the new monetary economics. Now, perhaps the first thing to say is that it’s not new anymore. The new monetary economics refers to a set of claims and ideas about monetary economics […]
Marginal Revolution Podcast–The New Monetary Economics!
o1 explains why you should not dismiss Fischer Black on money and prices
08 Dec 2024 Leave a comment
in applied price theory, business cycles, economic growth, financial economics, fiscal policy, history of economic thought, macroeconomics, monetarism, monetary economics Tags: monetary policy
The prediction of inflation dynamics—how prices change over time—has increasingly confounded modern macroeconomists. Throughout much of the twentieth century, there seemed to be clear relationships linking the money supply, economic slack, and price levels. Monetarism, the school of thought that posits a stable connection between the growth rate of a money aggregate and the subsequent […]
o1 explains why you should not dismiss Fischer Black on money and prices
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