From the latest Kauffman Economic Outlook, a quarterly survey of economic bloggers, we find this figure:
Too bad bloggers cannot run the Fed. At least we have changed the conversation so that the Fed is talking about NGDP targeting.
P.S. A note to those bloggers who want the central bank to target repo rates. If a central bank successfully adopts a NGDP level target, then many of the problems surrounding repos and interbank lending would disappear.
1 comments:
Excellent blogging, keep up the good work. In fact, pour it on.
Yes, Market Monetarism has entered the arena--now it must vanquish the (demented and inferior) foes!
Post a Comment