Scrap the Dual Mandate
In a blog post today, Paul Krugman outlines a hypothetical situation that we could find ourselves in: And this raises the specter what I think of as the price stability trap: suppose that it’s early...
View ArticleWho Shall Arbitrate?
Scott Sumner routinely forgets my name when listing people who thought money was tight, and favored unconventional monetary responses to the recession…but that’s okay. I wasn’t blogging that much in...
View ArticleThe Lonely Visionary vs The Bean Counters
Kevin Drum highlights a piece in an interview by Ezra Klein regarding “car czar” Steve Rattner. The quote is about Rattner’s experience dealing with Congress, which is predictably frustrating…most...
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