Sunday, August 09, 2009

From around the blogroll.... 

Efficient Market Hypothesis debated, at Falkenblog. [updated]

Krugman versus reality on finance, via Economics of Contempt.

Krugman versus reality on political history, via John Henke.

Obama's health care policy versus Obama's budget policy, by Keith Hennessey.

Milton Friedman on a commonly held false belief that proved very costly in the 1930s, and apparently still is so today...
"I thought the fallacy of identifying tight money with high interest rates and easy money with low interest rates was dead. Apparently, old fallacies never die."
... via Scott Sumner

It's a myth that countries inflate their way out of their debt, so don't expect the US to do it, via Ms. McArdle.