It takes a lot of balls for a Keynesian to defend Hoover in an article.
It also takes a lot of balls for anyone to defend Hoover in an Austrian journal.
And while the Review of Austrian Economics is primarily staffed by softies in Fairfax, Virginia who suffer a Keynesian every once in a while, it takes testicular fortitude of the highest order for a Keynesian to try to publish in an outlet run by those crazy Alabaman Austrians.
And yet I, your host at F&OST, have tackled all three of these feats in the most recent issue of the Quarterly Journal of Austrian Economics.
UPDATE: And Vedder and Gallaway have a response too. I'm sure one of them was one of my referees. I plan on writing a reply. I may post my response to the referee report here if anyone's interested in that (I don't think there's any privacy concerns associated with my response).
UPDATE 2: I'm really starting to wonder if V&G read either my article or Rose's article when they wrote theirs. Perhaps they did but with a predetermined view of what it was I was arguing. Please - don't take what they say about the Rose (2010) article to heart, especially. It's a great piece and it seems like they only read through the first of several models. Rose (2010) addresses the points they claim he doesn't address.
Thursday, February 2, 2012
Subscribe to:
Post Comments (Atom)
Posts
Dan
ReplyDeleteI never see either the pro or con discussing the debt income ratio.
If private debt is the cause of the crisis, falling wages can only make a bad situation worse, or am I missing something.
IOW, in a private debted caused crisis, shouldn't the fed act to raise prices and wages, not lower them, at least when doing such improves debt/income ratios?
It seems to me that a job and inflation is better than no job at all.
I don't know Daniel's problem, but he keeps adding to my reading lists with all these published articles. It must be a personal vendetta.
ReplyDeleteBtw, thanks for the reference in your thank you note.
. . . . . . . . 9/11 WAS AN INSIDE JOB !!! ▌
ReplyDelete. . . . . ▌
. . . . . ▌
. . . . . ▌
▄▄▄▄█▄▄▄▄ . . . . . . .▄▄▄▄▄▄▄▄▄. . . PUT
█▄█▄█▄█▄█\ . . . . . . █▄█▄█▄█▄█\ . . THIS
█▄█▄█▄█▄█\ . . . . . . █▄█▄█▄█▄█\ . . ON
█▄█▄█▄█▄█\ . . . . . . █▄█▄█▄█▄█\ . . YOUR
█▄█▄█▄█▄█\ . . . . . . █▄█▄█▄█▄█\ . . PROFILE
█▄█▄█▄█▄█\ . . . . . . █▄█▄█▄█▄█\ . . IF
█▄█▄█▄█▄█\ . . . . . . █▄█▄█▄█▄█\ . . YOU
█▄█▄█▄█▄█\ . . . . . . █▄█▄█▄█▄█\ . . KNOW
█▄█▄█▄█▄█\ . . . . . . █▄█▄█▄█▄█\ . . 9/11
█▄█▄█▄█▄█\ . . . . . . █▄█▄█▄█▄█\ . . WAS
█▄█▄█▄█▄█\ . . . . . . █▄█▄█▄█▄█\ . . AN
█▄█▄█▄█▄█\ . . . . . . █▄█▄█▄█▄█\ . . INSIDE
█▄█▄█▄█▄█\ . . . . . . █▄█▄█▄█▄█\ . . JOB !!!
█▄█▄█▄█▄█\ . . . . . . █▄█▄█▄█▄█\.. .UNDER
█▄█▄█▄█▄█\ . . . . . . █▄█▄█▄█▄█\ . . THE
█▄█▄█▄█▄█\ . . . . . . █▄█▄█▄█▄█\ . .FALSE
█▄█▄█▄█▄█\ . . . . . . █▄█▄█▄█▄█\
█▄█▄█▄█▄█\ . . . . . . █▄█▄█▄█▄█\. . FLAG
█▄█▄█▄█▄█\ . . . . . . █▄█▄█▄█▄█\.