Market Monetarism

Archive for Market Monetarism

Scott Sumner Tries Not to Laugh at Those Silly Inflation Hawks

Scott writes: Back in the Great Depression the inflation hawks said two things; monetary stimulus would do nothing (it was just pushing on a string) and it would do too much, producing hyperinflation. Keynes is now viewed as a genius, because he just made one of these two errors; assuming monetary stimulus would do nothing. […]

Great Moments in Paradox History

“War Is Peace.” — George Orwell, 1984 “It became necessary to destroy the town to save it,” US military official quoted by Peter Arnett. “I’ve abandoned free market principles to save the free market system.” — George W. Bush “If you are worried about the dangers of an extended period of low interest rates, the […]

Nick Rowe Has Solved the Mystery of the Great Recession

Relying on a “very important post” from David Beckworth, Nick informs us that the financial crisis of 2008 occurred because people began expecting it in 2005. Call me hard to please, but I want more, Nick.

Potpourri

==> Shawn Ritenour writes a lengthy summary and critique of Market Monetarism. ==> This guy sent me his critique of Gene Callahan and my conversation on Say’s Law. Eh, I’m going to be honest: I was a little annoyed at him using my first name in such a flippant manner, but what really pushed me […]

Scary Scott Sumner Statements

At this point I think my analysis is superfluous. I just need to quote this guy. If you folks don’t see what I see, I don’t know what my commentary will add. These quotes all come from the same post: ==> “So it’s print money now or print money later. If you really, really don’t […]

While I Was Bogged Down With Keynesians, Sumner Solidifies His Power Grab

Oh man, have you kids been checking in with Scott Sumner lately? ==> Famous monetary economist Frederic Mishkin has now been seduced by the Dark Side. ==> Sumner thinks the trillion dollar coin is bad for the Democrats politically, but if Obama “ignores my advice and mints the coin anyway, I’ll strongly support the move […]

Can Fiscal Austerity Work With Tight Money?

[Disclaimer: Bob Wenzel doesn’t like me using the term “fiscal austerity,” since he thinks the public associates it with jacking up taxes and cutting social programs in order to bail out bankers. He has a point, but it will just get too cumbersome in this post if I try to come up with some alternate […]

Don’t Let Scott Sumner Write the History Books

Despite my title, this is actually a post about Brad DeLong, where I’ve noticed this trend the most. Now despite the recent unpleasantness, I’m not even criticizing DeLong in this post. I’m simply pointing out a rewriting of history that I am watching unfold before my very eyes, and I want to point this out […]