Gala, Crab and Road: These aren’t all apples?
Of course, only one is the real thing. It’s like the difference between rising prices and inflation. There is only …
Monthly Archives: January 2013
Important and not so important: The Fed announcement and annoying interest rate addicts
Starting with the annoying first, interest rates are a not a policy! Nor does the Fed “set” them as in …
The $3 trillion gap, debt, the Federal budget and the Federal Reserve
I swiped another graph from the great economist and author of Market Monetarism: Roadmap to Prosperity, Marcus Nunes, today and …
There are tradeoffs involved with nearly every choice under the sun
Explicit inflation targeting is no exception. I have been very annoyed with Goodhart’s recent comments about price level stabilization vs. …
The Point of View and Purpose of This Blog
The point of view of this blog is almost entirely political. Much of what I write is meant to be …
New book to read: Market Monetarism and the Roadmap to Economic Prosperity
Recently published, Market Monetarism and the Roadmap to Economic Prosperity by Marcus Nunes and Benjamin Cole explores contemporary monetary history …
It wasn’t the selection of inflation as an explicit target that caused the Great Recession
Mr. Goodhart, famous for Goodhart’s Law, came out against NGDP targeting yesterday, citing the principle behind his law that any …
Former Fed Governor Mishkin and the Crime of the Century
The following quote from former Fed Governor Mishkin is one I pulled off a recent blog post by Marcus Nunes …
The Skunk at the Garden Party: NGDP Gap Still Very Large
I love the optimists; and we can certainly use a good dose of optimism, as long as it is rational …
What’s with the Forex “attacks”?
Someone doesn’t seem to be pleased with the hopefully coming of mass monetary easing. The spam filter for my comments …
