George Selgin

@GeorgeSelgin

Monetary economist and historian, recovering academic, Director of Cato's Center for Monetary and Financial Alternatives, and blogger at Alt-M.

Vrijeme pridruživanja: srpanj 2011.

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  1. prije 7 sati
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  2. prije 8 sati

    Does anyone know on what grounds Chris Waller is listed in the more recent administration documents as being "of Minnesota"?

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  3. prije 23 sata

    Because Shelton was in fact born in California and will represent the San Francisco district, according to the new designation her nomination conforms to the FRA's section 10 requirement.

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  4. prije 23 sata

    They must have seen today's Alt-M post coming, to which I've now had to add an addendum. Sly devils.

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  5. prije 23 sata

    New announcement here: . This allows the candidates to satisfy the FRA's section 10 req. that no more than one member of the Board should be from any one Federal Reserve district. 2/-

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  6. prije 23 sata

    Well I'll be a...In it's (1/28) nomination announcement, the administration switched the geographic designations of both of its Fed nominees (Shelton from Virginia to California, Waller from Missouri to Minnesota). Original announcement is here: 1/-

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  7. 4. velj

    If you plan to follow the coming Fed Board confirmation hearings, you might want to bone-up on your geography first.

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  8. 4. velj
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  9. 3. velj

    Those who embrace "socialism" must therefore not wonder why others abhor the idea. They may only favor some form of liberal welfare state. But by championing "socialism" they perhaps inadvertently seem to sing the praises of an arrangement that has been a source of untold misery.

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  10. 3. velj

    According to the dictionary, and to a century and a half of usage, "socialism" is "a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole." 1/2

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  11. 3. velj

    In due course--alas, probably only after doing a lot of damage--many of the new generation of socialists will experience their own "Krondstats."

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  12. 3. velj

    It doesn’t seem to occur to some of today’s young socialists that many older former socialists turned against it not because they “sold out” but because they realized they’d been sold a bill of goods. Knowing some history would help.

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  13. 2. velj

    For you Turkish tweeters, a nice thread summarizing my stance on the desirability of stable NGDP (as opposed to stable inflation).

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  14. 2. velj

    File under "Unintended Consequences": new lifeboat requirements imposed after the Titanic sank led to another passenger ship disaster just 3 yrs. later, in which even more passengers died--not in the open sea, but in 20 ft of water in the heart of Chicago!

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  15. 1. velj
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  16. 31. sij

    "Making it more expensive to stockpile wealth...would give the rich an incentive to spend their money, which helps the economy." Can Ms. Bair really not know that investment is itself form of spending, and one that's especially likely to spur growth?

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  17. 29. sij

    Absolutely correct: If present aggregate spending data are infrequent and unreliable, it is because the demand for better data has been lacking. The quantity and quality of data supplied is a function of demand.

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  18. 29. sij

    Bill Mauer, like all too many anthropologists, misrepresents the seminal works by economists concerning the origins of money.

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  19. 29. sij
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  20. 28. sij

    For anyone wanting the straight dope on the use, and occasional neglect, of the legal requirement that no two Fed Board members be from (or "of") the same Fed district, here it is:

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