K466

Paul Krugman repeatedly refers to this model to justify money printing. Amazingly, though, he misunderstands his own model.

What’s Wrong with Krugman’s Baby-Sitting Co-Op Model?

The famous Keynesian economist Paul Krugman says a story about a baby-sitting co-op “changed my life”, and he argues that it’s a “story that could save the world”. From his 1998 Slate article:

The Capitol Hill co-op adopted one fairly natural solution. It issued scrip--pieces

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Posted to my blog:

Ron Paul vs. Ron Paul.com: Both Are in the Wrong

As you have probably heard by now, negotiations between Ron Paul and a fan site that owns the domain name ronpaul.com has took a surprising and unfortunate turn. Naturally, Ron Paul, now retired from Congress and ready to move on to new projects, wants ronpaul.com. But the owners of ronpaul.com have a long established website and demanded a steep price to give up their domain. Negotiations have apparently

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