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IF you follow the econ blogs in New Zealand you’ll have seen Matt and others getting pretty grumpy about the uninformed comments sometimes made in the media. That has only been exacerbated by the recent misunderstanding of quantitative easing. A philosopher writing in the Herald sums up how I think economists feel: If “everyone’s entitled […]
Here is an article I wrote for the fine people over at Idealog on regulation. The primer is: Tobacco prices must be higher, alcohol availability is going to be limited, and even Coca-Cola has come in for a lashing for being an addictive substance. But this obsession comes with a cost that policymakers need to […]
Apparently New York is banning large soft drink cup sizes to reduce sugar consumption and obesity. Eric has used this as a launchpad for a slippery slope argument attacking libertarian paternalism (LP). The original idea of Sunstein and Thaler was that you could design choices to minimise the likelihood of bad decisions without restricting choice. […]
Well, the NZ Association of Economists conference is done for 2011. It’s a chance for all economists to get together and talk nerdy without fear of social reprisals, although the food is another popular topic of conversation — it was pretty good this year, if you’re wondering. There were plenty of great presentations and star […]
Happy St Patrick’s day all. On this fine day, there is a song I’d like us all to remember – Seven deadly sins. My favourite part of the song goes: Some say that drinking’s a sin But a gargle is fine now and then For drinking has been in this world For ever and ever […]
I think QE was necessary, and I think the Fed has done a good job implementing it. But one thing we have to be honest about is that it WILL, if it is done right, lead to inflation past the target at some point in the future. There are many ways we can view the […]