Tuesday, November 10, 2009

Scott Sumner on monetary policy (amv)

My views on the theory of monetary policy converge more and more to those held by Scott Sumner (even though my optimium NGDP level path grows less than 5%). Here his interview at EconTalk; here his battle at CatoUnbound (check also Selgin); and here you may find his great blog The Money Illusion.