==> Totally off-topic, but I would change my gender if I could be Christina Bianco.
==> Nick Rowe strikes back on the definition of “inflation.” I know this isn’t the point Nick was making–and I don’t even disagree necessarily with anything in his post–but let me say this: If we let Scott Sumner get away with calling Fed policy since 2008 “the tightest since the Hoover Administration” because it doesn’t make NGDP grow enough for his liking, then I think we’ve blinded ourselves to the ability to even tell what is happening. Like I’ve said before, that would be like quantifying how much of a drug you’ve put into somebody by checking his heart rate (rather than measuring the volume of the liquid injected).
==> Imagine that? If you raise the total costs of hiring full-time workers (through ObamaCare), then the demand goes down. I don’t understand; there’s a liquidity trap and everything right now.
==> David R. Henderson screws up but shakes it off.