Tuesday, November 2, 2010

Beckworth Smackdown Watch

Peter Boettke and friends take issue with the claim that Milton Friedman would support QEII. There is an interesting discussion there between the Austrians who take the excess money demand problem seriously and those Austrians who don't. Among other things, I learned from the comments that at a recent gathering of Monetarist luminaries the participants really disliked David Wessel's piece on Milton Friedman and by implication my piece too.  In my defense I never have claimed to be a monetarist, only a quasi-monetarist.

1 comment:

  1. Did you see this article ?

    http://www.telegraph.co.uk/finance/currency/8103462/QE2-risks-currency-wars-and-the-end-of-dollar-hegemony.html

    Do you think the Federal Reserve has any responsibility to take into account the global impact of its actions, or should it just care about the US? I know one US official once said the dollar is "our currency and your problem" but that was 30 years ago.

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