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https://www.noahpinion.blog/p/you-are-what-you-consume You are what you consume - by Noah Smith - Noahpinion Personal identity should come from the things we get to choose for ourselves. you areby noahconsumesmithnoahpinion https://noahpinionblog.blogspot.com/2012/03/in-which-steve-landsburg-makes-me-lose.html Noahpinion: In which Steve Landsburg makes me lose my lunch Steve Landsburg has a post defending Rush Limbaugh's comments about Sandra Fluke . Landsburg claims that Rush was right to mock Fluke, and ... noahpinionstevemakesloselunch https://noahpinionblog.blogspot.com/2011/06/is-education-public-good.html Noahpinion: Is education a public good? In response to my "Tamerlane" post , commenter Josh writes: How are schools public goods? Good question. I will give you the answer that ... noahpinioneducationpublicgood https://noahpinionblog.blogspot.com/2014/08/rbc-models-we-can-believe-in.html Noahpinion: RBC models we can believe in? At Bloomberg View, I wrote an article trying to explain the basics of RBC models to the masses, and give a little history-of-thought. O... rbc modelswe cannoahpinionbelieve https://noahpinionblog.blogspot.com/2014/12/ross-douthat-ponders-liberal-marriage.html Noahpinion: Ross Douthat ponders the Liberal Marriage Hypothesis Over the last few years, an unsettling thought has been worming its way into the consciousness of cultural conservatives: What if liberal ... ross douthatnoahpinionliberalmarriagehypothesis https://noahpinionblog.blogspot.com/2015/03/americans-are-better-behaved-than-ever.html Noahpinion: Americans are better behaved than ever David Brooks thinks Americans - in particular, less educated, less affluent Americans - are losing their morality . He blames this on the ... better behavednoahpinionamericansever https://noahpinionblog.blogspot.com/2016/05/russ-roberts-on-politicization-humility.html?showComment=1463404781501 Noahpinion: Russ Roberts on politicization, humility, and evidence The Wall Street Journal has a very interesting interview with Russ Roberts about economics and politicization. Lots of good stuff in th... russ robertsnoahpinionpoliticizationhumilityevidence https://noahpinionblog.blogspot.com/2016/12/an-econ-theory-falsified.html Noahpinion: An econ theory, falsified What does it mean to "falsify" a theory? Well, you can't falsify a theory globally - even if it's shown to be false under some condition... noahpinionecontheory https://noahpinionblog.blogspot.com/2015/04/bond-bubbles.html Noahpinion: Bond bubbles Apparently, I convinced Brad DeLong that the idea of a "bond bubble", though a slight misnomer, is not insane. Brad's explanation of the ... noahpinionbondbubbles https://noahpinionblog.blogspot.com/2015/04/steve-williamson-is-right-that-i-am.html Noahpinion: Steve Williamson is right that I am confused In a post for Bloomberg View , I wrote about the history of the sticky-price revolution of the late 1990s and early 2000s: In 1994, ... steve williamsonnoahpinionrightconfused https://noahpinionblog.blogspot.com/2014/08/yes-womens-labor-force-participation.html?spref=pi Noahpinion: Yes, women's labor force participation matters A bunch of social-conservative types on Twitter keep telling me that women's labor force participation doesn't matter for GDP growth. As e... labor force participationnoahpinionyeswomenmatters https://noahpinionblog.blogspot.com/2011/07/nationalism-and-us-debt-situation.html Noahpinion: Nationalism, the U.S. debt, and the "party of business" I've been avoiding writing anything about the whole debt ceiling situation, because it just depresses me too much...not just because a U.S.... the unoahpinionnationalismdebtparty https://noahpinionblog.blogspot.com/2012/02/thursday-roundup-2232012.html Noahpinion: Thursday Roundup (2/23/2012) Almost forgot it was Thursday! Hmm, some of my comments on these links are getting rather long. What do y'all think...should I start doin... noahpinionthursdayroundup https://noahpinionblog.blogspot.com/2013/05/bets-do-not-necessarily-reveal-beliefs.html?ref=danmackinlay.name Noahpinion: Bets do not (necessarily) reveal beliefs Bryan Caplan is well-known for demanding that people bet on their macroeconomic beliefs and theories. The idea (which I endorse, btw) is ... do notnoahpinionbetsrevealbeliefs https://noahpinionblog.blogspot.com/2017/08/the-market-power-story.html Noahpinion: The Market Power Story So, there's this story going around the econosphere, which says that the economy is being throttled by market power. I've sort of bought... the marketnoahpinionpowerstory https://noahpinionblog.blogspot.com/2014/01/atlantic-column-were-seattle-protesters.html Noahpinion: Atlantic column: Were the Seattle protesters right? I have a new column in The Atlantic , remembering the Seattle protests of 1999, and arguing that the vast majority of their concerns were ... noahpinionatlanticcolumnseattleprotesters https://noahpinionblog.blogspot.com/2012/05/another-blogging-hiatus.html Noahpinion: Another blogging hiatus Work has temporarily eaten my life, so very little blogging for a while. In the meantime, feel free to amuse yourself with this video... noahpinionanotherblogginghiatus https://noahpinionblog.blogspot.com/2017/04/ricardo-reis-defends-macro_13.html Noahpinion: Ricardo Reis defends macro I really like this defense of macroeconomics by Ricardo Reis. He makes it clear that he's sort of playing devil's advocate here: Whil... ricardo reisnoahpiniondefendsmacro https://noahpinionblog.blogspot.com/2014/10/the-omega-man.html Noahpinion: The Omega Man Time to write about a very uncomfortable subject that is also not anywhere close to my own area of expertise. A lot of people will be in... the omeganoahpinionman https://noahpinionblog.blogspot.com/2012/01/cochrane-just-dont-call-it-stimulus.html Noahpinion: Cochrane: Just don't call it "stimulus"! John Cochrane has a long blog post up, the first half of which is a general discussion of the idea of fiscal stimulus, and the second half... just doncall itnoahpinioncochranestimulus https://noahpinionblog.blogspot.com/2016/03/how-to-actually-redistribute-respect.html Noahpinion: How to actually redistribute respect A while ago, I wrote a blog post called " Redistribute wealth? No, redistribute respect. " That could have been the title of a speech Pa... how tonoahpinionactuallyredistributerespect https://noahpinionblog.blogspot.com/2014/08/thursday-roundup-8282014.html Noahpinion: Thursday Roundup, 8/28/2014 Ride em, cowblogs! Me on BV 1. Japan needs the hammer of private equity to smash the rotting edifice of corporate inefficiency 2. RB... noahpinionthursdayroundup https://noahpinionblog.blogspot.com/2017/02/why-go-after-milton-friedman.html Noahpinion: Why go after Milton Friedman? The top question on my Reddit AMA was "When and why did you start hating on our lord and saviour Milton Friedman?". Two or three other ... why gonoahpinionmiltonfriedman https://noahpinionblog.blogspot.com/2011/08/supply-side-vs-demand-side-recessions.html Noahpinion: Supply-side vs. demand-side recessions Tyler Cowen links to an interesting post about the deflationary impact of the internet . This is interesting not just because it illustrate... supply sidenoahpinionvsdemandrecessions https://noahpinionblog.blogspot.com/2013/07/learn-basics-of-new-keynesian-models.html Noahpinion: Learn the basics of New Keynesian models without hard math This post by Miles Kimball is a master class in how to explain ideas effectively. In one post, he explains the core ideas of what he ca... learn the basicsnoahpinion https://noahpinionblog.blogspot.com/2013/04/can-culture-predict-economic-development.html Noahpinion: Can "culture" predict economic development? In this essay , Daniel Altman predicts that China will fall short of the West, because of its "Confucian" culture: [Unconditional] conve... noahpinionculturepredicteconomicdevelopment https://noahpinionblog.blogspot.com/2013/12/noah-smackdown-watch-bayesian-updating.html Noahpinion: Noah smackdown watch: Bayesian updating edition Either I manage to stay on most people's good sides, or most people just don't care about me that much, but for whatever reason, Noah sm... noahpinionsmackdownwatchbayesianupdating https://noahpinionblog.blogspot.com/2014/05/bloomberg-view.html Noahpinion: Bloomberg View In my continuing efforts to experiment and play around with different forums (fora?) and audiences and formats, I'm going to be writing ... noahpinionbloombergview https://observationalepidemiology.blogspot.com/2011/05/noahpinion-on-public-goods.html West Coast Stat Views (on Observational Epidemiology and more): Noahpinion on Public Goods One explanation of why the narrative on taxation has become toxic in the United States: Well, I think conservatives (and not a few liberals!... west coast https://shapingwork.mit.edu/news/noahpinion-too-many-americans-still-fear-the-future/ Noahpinion: Too many Americans still fear the future - MIT Stone Center on Inequality and Shaping... Jan 29, 2025 - Noah Smith referenced Power and Progress in his economics newsletter, Noahpinion, as embodying influential ideas on shaping the path of technology. https://noahpinionblog.blogspot.com/2012/06/macro-people-vs-institutions.html Noahpinion: Macro: people vs. institutions I hope Paul Krugman isn't talking about me when he writes : The macroeconomics [centrist dodge] looks like this: a concerned writer or... noahpinionmacropeoplevsinstitutions https://noahpinionblog.blogspot.com/2013/08/do-savers-need-to-be-saved.html Noahpinion: Do Savers Need to be Saved? The Bank of England is following the Federal Reserve and the ECB in adopting forward guidance. Bank of England Governor Mark Carney an... to benoahpinionsaversneedsaved https://noahpinionblog.blogspot.com/2015/11/unlearning-economics.html?m=1 Noahpinion: Unlearning economics "Just then the floating disembodied head of Colonel Sanders started yelling Everything you know is wrong" - Weird Al Yankovic Th... noahpinionunlearningeconomics https://noahpinionblog.blogspot.com/2012/04/thursday-roundup-4192012.html Noahpinion: Thursday Roundup (4/19/2012) Ladies, gentlemen, and extraterrestrial beings, your Thursday Roundup: 1. Mark Thoma attends the INET conference in Berlin, and offers h... noahpinionthursdayroundup https://noahpinionblog.blogspot.com/2017/04/can-rationalist-communities-still.html Noahpinion: Can rationalist communities still change the world? In my last post, I recounted some historical examples of times when (broadly defined) rationalist communities - groups of smart generali... noahpinionrationalistcommunitiesstillchange https://noahpinionblog.blogspot.com/2013/04/abe-surprised-me.html Noahpinion: Abe surprised me! I was wrong. For months I voiced heavy skepticism that Shinzo Abe's new administration would follow through on its plans for huge e... noahpinionabesurprised https://noahpinionblog.blogspot.com/2017/04/are-rationals-dense.html Noahpinion: Are the rationals dense? There's an interesting food-fight between some of the GMU bloggers and the "rationality community". Tyler Cowen called the community a "... the rationalsnoahpiniondense https://noahpinionblog.blogspot.com/2016/08/no-us-elections-are-not-rigged.html Noahpinion: No, U.S. elections are not "rigged" Tyler Cowen, my esteemed Bloomberg View colleague, has a post about Donald Trump's comments predicting a "rigged" election. Though Tyle... u sare notnoahpinionelectionsrigged https://noahpinionblog.blogspot.com/2013/01/solar-its-about-to-be-whole-new-world.html?showComment=1359215593087 Noahpinion: Solar: It's about to be a whole new world. Many conservatives appear to have an unshakable, bedrock belief that solar power will never be cost-effective. Talk about solar, and con... to benoahpinionsolar https://noahpinionblog.blogspot.com/2012/11/bob-lucas-on-macro.html Noahpinion: Bob Lucas on macro I find Bob Lucas more intriguing than any other economist of the last few decades. I'm always interested to read what he has to say, for... bob lucasnoahpinionmacro https://noahpinionblog.blogspot.com/2016/12/who-is-responsible-when-article-gets.html Noahpinion: Who is responsible when an article gets misread? How much of the responsibility for understanding lies with the writer of an article, and how much with the reader? This is not an easy q... who isan articlenoahpinionresponsiblegets https://noahpinionblog.blogspot.com/2014/02/does-trend-chasing-explain-financial.html Noahpinion: Does trend-chasing explain financial markets? "How can you know, how can you know/ Which is which, who's doin' what?/ I guess that you can ask 'em " - Dan Bern, "Tiger Woods" A lo... noahpiniontrendchasingexplainfinancial https://noahpinionblog.blogspot.com/2014/01/the-most-damning-critique-of-dsge.html Noahpinion: The most damning critique of DSGE If DSGE models work, why don't people use them to get rich? When I studied macroeconomics in grad school, I was told something along the... the mostnoahpiniondamningcritiquedsge https://noahpinionblog.blogspot.com/2012/08/flinging-spaghetti-at-inequality.html Noahpinion: Flinging spaghetti at inequality Via John Cochrane, I see that Kip Hagopian and Lee Ohanian have written a lengthy article about inequality . It's hard - no, impossible ... noahpinionspaghettiinequality https://noahpinionblog.blogspot.com/2014/01/quartz-article-is-china-going-to-be-1.html Noahpinion: Quartz article: Is China going to be #1? In my new Quartz article , I play the amateur historian. The topic is whether China is destined to be the world's preeminent country. I'v... going tonoahpinionquartzarticlechina https://noahpinionblog.blogspot.com/2012/10/money-is-just-little-green-pieces-of.html Noahpinion: Money is just little green pieces of paper! Have you ever heard people say that "money is just little green pieces of paper"? Well, that is exactly what Steve Williamson claims in ... little greennoahpinionmoneypiecespaper https://noahpinionblog.blogspot.com/2014/07/should-fed-crash-economy-now-to-prevent.html Noahpinion: Should the Fed crash the economy now to prevent a crash later? (This post originally appeared at Bloomberg View .) Asset prices, by historical measures, are high across the board . The reason seems... the fednoahpinioncrash https://noahpinionblog.blogspot.com/2012/07/something-big-happened-in-early-70s.html Noahpinion: Something Big happened in the early 70s Dissertation successfully defended (it won't be official until I complete the byzantine formatting requirements, but that will happen in a ... something bignoahpinionhappenedearly https://noahpinionblog.blogspot.com/2012/08/hedge-funds-and-econ-101.html Noahpinion: Hedge funds and Econ 101 Felix Salmon has a very interesting post , detailing the fight between Simon Lack, author of The Hedge Fund Mirage: The Illusion of Big... hedge fundsnoahpinionecon https://noahpinionblog.blogspot.com/2019/08/why-kevin-williamson-is-wrong-about.html Noahpinion: Why Kevin Williamson is wrong about poverty and bad behavior I recently wrote a post at Bloomberg Opinion arguing that "bad behavior" - drug use, violence, single parenthood, and idleness - is n... kevin williamsonnoahpinion https://noahpinionblog.blogspot.com/2016/03/russ-roberts-and-new-empirical-world.html Noahpinion: Russ Roberts and the new empirical world My last post , about Russ Roberts' EconTalk interview with David Autor, was requested by Russ as part of a general symposium on the top... russ robertsand thenoahpinionnewempirical https://noahpinionblog.blogspot.com/2017/02/historical-cycle-theories-are-sillyor.html Noahpinion: Historical cycle theories are silly...or are they? I have a soft spot for theories I thought of when I was 14. Back then I consumed a lot of epic fantasy books (and video games, and TV sh... noahpinionhistoricalcycletheoriessilly https://noahpinionblog.blogspot.com/2012/12/new-atlantic-column-gun-control-is-good.html Noahpinion: New Atlantic column: Gun control is good, but ending the War on Drugs is even better I have a new column up at the Atlantic , in which I try to give some perspective to the gun control debate that has exploded since the Newto... https://noahpinionblog.blogspot.com/2013/08/what-determines-return-on-gold.html Noahpinion: What Determines the Return on Gold? Gold glitters, but from an investment perspective it does little else. It is backed by neither cash flows (like stocks are) nor a value ... the returnnoahpiniongold https://noahpinionblog.blogspot.com/2013/07/is-interest-rate-on-reserves-holding.html Noahpinion: Is the interest rate on reserves holding the economy back? Martin Feldstein claims to have solved the puzzle of why Quantitative Easing has not resulted in higher inflation: The link between ... the interestnoahpinionratereservesholding https://noahpinionblog.blogspot.com/2016/03/grading-king-yudkowsky.html Noahpinion: Grading King Yudkowsky Scott Sumner, diabolical sentient alien virus renowned monetary policy guru, has endorsed Eliezer Yudkowsky, professional Reasonable D... noahpiniongradingking https://noahpinionblog.blogspot.com/2014/10/thursday-roundup-10162014.html Noahpinion: Thursday Roundup, 10/16/2014 You know what? There is NO WAY the An Lushan rebellion killed 30 million people. What a hoax. OK, time for econ links and semi-crazed ravi... noahpinionthursdayroundup https://noahpinionblog.blogspot.com/2019/01/book-review-stubborn-attachments-by.html Noahpinion: Book Review: "Stubborn Attachments", by Tyler Cowen Tyler was good enough to give me a review copy of his new book, " Stubborn Attachments: A Vision for a Society of Free, Prosperous, and ... book reviewstubborn attachmentsnoahpiniontylercowen