Arnold
Kling received his Ph.D. in economics from the Massachusetts Institute
of Technology in 1980. He was an economist on the staff of the Board of
Governors of the Federal Reserve System from 1980-1986. He was a senior
economist at Freddie Mac from 1986-1994. In 1994, he started
Homefair.com, one of the first commercial sites on the World Wide Web.
(Homefair was sold in 1999 to Homestore.com.) Kling is an adjunct
scholar with the Cato Institute. He teaches statistics and
economics at the Berman Hebrew Academy in Rockville, Maryland. In 2004
and 2005, he has taught "Economics for the Citizen" at George Mason University in Fairfax, Virginia.
Kling is the author of three books: Under the Radar: Starting Your Internet Business without Venture Capital (Perseus, 2001); Learning Economics (Xlibris, 2004); and Crisis of Abundance: Rethinking How We Pay for Health Care (Cato, 2006). He is a contributing editor to TCSdaily.com. His web site at arnoldkling.com has been cited by The New York Times and in the Journal of Economic Perspectives as being entertaining and educational on the subjects of economics and technology.
Arnold Kling co-edits EconLog, along with Bryan Caplan and
David Henderson.
List of Econlib Articles
Recent EconLog Articles by Arnold Kling
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
Masonomists in the Media
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Reply to Robert Waldmann
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An Anti-Stimulus Conference
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Good Luck, Jeremy Stein
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Recommended Reading
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The Case for Profits
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Podcasts
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Minskynomics
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Partisan, Pandering, Permanent
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Should Freddie and Fannie Come Back?
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From Dark Age to Renaissance
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Timely? Temporary?
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Brad DeLong and Kevin Murphy, in English
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John Cochrane Muses on Monetary Theory
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William Easterly
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Two Podcasts
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A Great Sentence
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What's with the Economics Profession?
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Is Europe Insolvent?
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Who Knows Macro?
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Urban Death Traps
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Two Good Links from Megan
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Morning Reading
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Is Obama a type P?
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Talking Points on Stimulus
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The Case for Stimulating Profits
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The Oil Cycle
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The Best Policy Regarding Banks
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Education and Technology
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Douglas Rushkoff on the Inauguration Event
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Make it a Crime
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Some Random Books
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Healthy Banks or Healthy Markets?
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The Empire Reaps Tribute
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Boo, Eugene Fama
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The Pattern
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The Case for McMedicine
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Deficits ad Absurdum
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The Best of Times, the Worst of Times
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Collected Macro Lectures
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Lectures on Macroeconomics, No. 14
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Why is the Economy Doing Poorly?
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James Surowiecki Makes Libertarianism Impossible
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Be Careful What You Wish For
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Acemoglu on the Economy and Economics
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How You Think in a Crisis
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Managing Retirement Accounts
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The Stimulus and the Somme
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morning commentary
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Lectures on Macroeconomics, No. 13
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We All Wanna Change the World
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Short-term Success, Long-term Fizzle
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Ken Rogoff Interview
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Against the Big Stimulus
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Against Risk-Based Capital
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Today's Reading List
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Capital Requirements and Bond Ratings
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Bubble Seers
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Techno-escapism
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Lectures on Macroeconomics, No. 12
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Another Perspective on LTCM
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December 2008
Downgraded into Bankruptcy?
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AIG, CDS, Suits, and Geeks
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Bailout Rage
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Inclined to Liberty
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Larry Summers, Neo-Galbraithian
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Mark Thoma on the Risk Premium
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Gullibility, Madoff, and Fiscal Stimulus
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Lectures on Macroeconomics, No. 11
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Banana Republic Economics, Continued
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Theory, Explanation, and Policy
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Which Sector Should Lead?
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A Microfinance Skeptic
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Holiday Reading
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Subsidizing Mortgages
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Health Care Policy Update
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Madoff as Metaphor
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Patterns of Financial Crises
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DeLong vs. Kling
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Lectures on Macroeconomics, No. 10
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What's Wrong with Deleveraging?
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I Believe in Quantitative Easing
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The Parrot Shows Signs of Life
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Janeway on McArdle's Law
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Deleveraging
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Today's Theme: Regime Uncertainty
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Banana Republic Economics
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The Zorn Effect
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Financial Panic
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John Taylor: The Fed Done It
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Why I Think the Multiplier is Large
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The CDS Debate Continues
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The Economic Outlook
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Alternative History
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Mortgage Loan Restructuring
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No Further Questions, Your Honor
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An AP Stats Lecture
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Hearing Post
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My Planned Oral Remarks
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Brad DeLong on the Crisis
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Management without Responsibility
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A Rating Agency Example
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Lectures on Macroeconomics, No. 9
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Health Care, Education, Spending, and Outcomes
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Another Elite Blog
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Thoughts on the Employment Situation
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Ponzi Finance
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Another Stake in the Taxpayers' Heart
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Subprime Lenders Still Soaking Taxpayers
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The Financial Crisis in One Sentence
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In Praise of Tobin's q
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John Baden Joins the Pigou Club
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Inflation as Generic Debt Forgiveness
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Tuesday, December 9 on Capitol Hill
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Crowding Out or Crowding In?
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State GovernmentPensions
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One-paragraph Macro
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Two Bad Ideas
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I will miss Doris "Tanta" Dungey
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November 2008
Should We Penalize Liquidity Preference?
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Why I Was Wrong
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Emperor, Clothes, etc.
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Letter of Law, Spirit of Law
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Different Forms of Government
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When You're in a Hole, Keep Digging
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Notes on McArdle's Law
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A Theory of Financial Panic
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Book Forum
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Do I Get a Prize?
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Talking Points on the Obama Economic Team
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Recommended Reading on the Financial Crisis
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Heretical Thoughts
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My Understanding of TIPS
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Depression Mania
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Lectures on Macroeconomics, No. 8
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Morning Commentary
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The Origins of Money
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Fight!
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Morning Commentary
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Is Zero a Lower Bound for Interest Rates?
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Lectures on Macroeconomics, No. 7
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Do Financial CEO's Have Enough Down Side?
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Morning Commentary
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Off the Record
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Housing Bubble: Who Knew?
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Thoughts on Financial Regulation
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George Selgin on Free Banking
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Metaphors for Financial Reform
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Department of Financial Security
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Easterly on Collier and Correlation
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Why Credit Default Swaps?
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What Would Robin Hanson Say?
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Ten Minutes, Eleven Questions
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Quoting Will
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Finance is Weird
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Size of School Districts
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Truth and Narrative
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Lectures on Macroeconomics, No. 6
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Your Defined Benefits = My Obligations?
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Bootleggers, Baptists, and Minorities
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Must-Read from Michael Lewis
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For Future Reference
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Lectures on Macroeconomics, No. 5
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Lectures on Macroeconomics, No. 4
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Notes From the Bailout
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A Mortgage Fact Pack
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The State of Conservatism
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Kling on Financial Markets
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Lectures on Macroeconomics, No. 3
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Lectures in Macro, No. 2
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Unpresidential Remarks
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Lectures in Macroeconomics, No. 1
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The Economics of the Auto Industry
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A Plea for Facts
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After the Election
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Reminder--lunch with me on Monday
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Peer Review as a Reputation System
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Trusting Scholarship
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Why I am Paranoid
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Life in a Banana Republic
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Those Wild and Crazy Markets
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Voting
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Insurance or Mass Delusion?
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Anti-Democratic Thought for the Day
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Fractional Reserve Banking from a Modern Finance Perspective
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Another Academic Panel on the Crisis
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Future Scenarios for Economics
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Mortgage Securities and Porn Videos
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October 2008
September 2008
Revolt of the Elites
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My Current Feelings on the Bailout
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Good Issue of JEL
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What Warren Buffett Wants
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I'm a Media Star
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Two Thoughts
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What if it's a Wealth Shock?
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Two Quick Takes
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Mankiw, Rogoff, and Merton
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Where are the Macro Theorists? Help Me Out
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Too Clever
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How Progressive Corporatism Works
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The Profit Opportunity
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Hold a Hearing
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The House Republicans
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Ben and Me
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My Talking Points
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The Pity Fund
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It's Small Business, Stupid
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Reduce Bank Capital Requirements
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The Hold-to-Maturity Nonsense
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My Attempts to Stop the Stampede
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Dodd, Frank apply lipstick to Paulson's Pig
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The Case Against the Bailout
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Are Credit Markets Locked Up?
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Morning Commentary
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The Ignorance Behind the Paulson Plan
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More Experts
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Hold-to-Maturity Pricing
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Morning Commentary
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Good Question
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Friend or Foe?
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Strong Leadership
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Delusions on Both Sides
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Supporting Goldin-Katz
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A Simpler Solution
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Wishful Thinking
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An Open Letter to Ben Bernanke
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Modern Financial Systemic Risk: A Primer
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Morning Reading
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Progressive Corporatism
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Chief Financial Plumber
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Morning Commentary
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We Don't Need No, Continued
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Rumor: Government to Buy Bad Mortgage Securities
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Barney Frank goes Jacksonian
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Instructive Commentary
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Thoughts on Short-Selling
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What do Financial Intermediaries Do?
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Leaning Against the Wind
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Afternoon Commentary
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Morning Commentary
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Another Definition of Democracy
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More Commentary
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What Should Government Guarantee?
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Priceless Anecdote
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Quote of the Day, II and III
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Quote of the Day
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Health Care: Obama, McCain, Hanson, and Utopia
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Hurricane Lehman Update 4:30 EST
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Is FDA Paternalism a Public Good?
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The Shadow Knows
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Hurricane Lehman Update, 10 AM EST
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Russ Roberts and Bob Shiller
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Hurricane Lehman Update, 7 AM EST
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My Most Incorrect Belief
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U.S. States and Five-Factor Personalities
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Bryan Takes Over the Treasury
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Will Supplies Last?
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Today's Freddie-Fannie Commentary
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How I Lost My Macro Religion
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Will Wilkinson's Intellectual Standards
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No Price Gouging Here!
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Thoughts on Financial Regulation
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Thoughts on Housing Policy
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Two Aphorisms
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The Financial Invasion Continues
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Can our Government Default?
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When Your Uncle sets up a Trust Fund
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We Need Less
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The No-Bailout Option
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Who Fails to Comprehend?
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Beating the Dead Horses
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Greg Clark and Jane Jacobs
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Competitive Government
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Two Essays on Today's Youth
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If I Were Mortgage Czar
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Recession-Proof
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What I'm Reading
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Freddie, Fannie: No Exit?
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Five Myths of the Rational Voter
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Shiller Interviewed on the Subprime Crisis
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The Future of U.S. Health Care
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Squandering their Cognitive Surplus
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The Age of Non-government Public Goods
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Why Parties Won't Deliver
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Stiglitz the Omniscient
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Nonprofit Exit Rate
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The Difficult Concept of Evolution
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August 2008
July 2008
Two Ideas from Brad Templeton
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Geography and Economic Destiny
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Fuzzy Math
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Today's Tylerisms
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Ruining my Day
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Replying to Thoma on Health Care
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What Every Worker Believes
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A Depression-Era Solution on Housing
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I Don't Understand Mark Thoma
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Communications Media and Institutions
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The End of the World
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An Anarcho-Capitalist Tranzy?
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An Inconvenient Question
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The Income Heritability Puzzle
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Freddie, Fannie, and the Fragility of Central Planning
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Low Collective Benefits
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Boys, Girls, and Math
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The McCain-Stiglitz Axis
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The Lesson of the Housing Bill
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Switzerland
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Hanushek on Education
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I Need Talking Points on Fannie, Freddie
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The Goldin-Katz Swindle
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Participatory Dictatorship
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Behavioral Politics
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