tag:blogger.com,1999:blog-5713178645208582139.post6434751397783906409..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: Asking the Wrong QuestionDavid Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5713178645208582139.post-37055720984474732262010-12-07T12:53:39.882-06:002010-12-07T12:53:39.882-06:00If QE2 ends up being much ado about nothing, then ...If QE2 ends up being much ado about nothing, then I will not even try arguing for a QE3. Instead, I intend to argue <i>against</i> QE2 and QE3 by arguing <i>for</i> an explicit level target for aggregate nominal income (about 3 percent). Of course, such a target would probably mean expanding the monetary base at present, but unless you at least <i>seem</i> to be arguing against The Bernank and Lee Kellynoreply@blogger.com