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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...
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Who 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...
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The 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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