Market Monetarism

Archive for Market Monetarism

Potpourri

==> I had briefly toyed with the idea of ignoring Krugman in 2014, but then I realized: You guys want me on that wall, you need me on that wall. For now: A while ago someone exclaimed with horror in the comments here that Krugman was referring to his opponents as cockroaches, and that this […]

A Policy Proposal That All Economic Schools of Thought Should Prefer to the Status Quo

[UPDATES in the middle and then at the end.] Once again, Nick Rowe has argued that according to the very model that Paul Krugman claims to be using–and I mean here, the full-blown model with intertemporal optimization, not the cruder IS/LM model that Krugman thinks gives surprisingly good policy recommendations, using the full-blown model as […]

Things Don’t Look Good for Those Fixated on Aggregate Demand

First let me relay Peter Klein’s take on the Fed’s non-taper announcement: The above is a good summary of the Rothbardian view on our current situation. Now, there have been some developments in just the last week or so that, in a just world, would cause severe angst in the psyches of those who have […]

Potpourri

I’m just outside Chicago for the Illinois Libertarian Party annual extravaganza. Some “Freedom Karaoke” tonight, followed by lectures tomorrow. In the meantime: ==> Nick Rowe writes another blog post in which he calmly and methodically destroys the foundation of mainstream central banking theory. (You may recall a few months ago Nick showed in a standard […]

Even More Sumner Shenanigans

I almost feel bad piling on Scott, because although I disagree with his monetary views tremendously, I actually think he’s a cool guy with a good sense of humor. But this is science; we must be merciless. When the news broke yesterday that Larry Summers was pulling his name out of the running for Fed […]

Potpourri

==> The WSJ and I are pen pals. ==> Next week on Friday (September 27) I’ll be giving a talk at San Jose State on interventionism in the Austrian tradition. (I’m in California because on Saturday I’m giving the keynote address for a celebration of Mises’ birthday. I still haven’t gotten his present, gah!!) ==> […]

More Shifting Sumner Statements

For casual readers, I should probably clarify: Unlike certain Keynesian economists, I actually spend most of my time online reading the blogs of people with whom I disagree. For example, I probably would agree with just about everything posted at The Circle Bastiat, but that’s why you won’t see me commenting much on it. Rather, […]

How Can We Be Sure Scott Sumner Opposes the Gold Standard?

Am I the only one who finds this hilarious? Check out the opening lines from a recent Sumner post: What would Milton Friedman have thought of market monetarism? I am working on an article with the preceding title. I have some ideas, but am also looking for help on a few points. I’ve come up […]