tag:blogger.com,1999:blog-5713178645208582139.post7540814586488847131..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: Marco Rubio, the GOP, and NGDP Level TargetingDavid Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5713178645208582139.post-79731214435898344812013-01-06T22:46:46.794-06:002013-01-06T22:46:46.794-06:00Market monetarism needs a trade association that c...Market monetarism needs a trade association that can educate GOP Congressional staffers about M policy. 99% of GOPers on the Hill believe that Bernankeism represents a left-wing threat to real prosperity. There is no one out there to tell them otherwise.Christopher T. Mahoneyhttps://www.blogger.com/profile/07096275297545797428noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-59664602154378930012012-12-12T15:19:15.964-06:002012-12-12T15:19:15.964-06:00Thank you for pointing out the background issues. ...Thank you for pointing out the background issues. I see that I have a lot to read up on. I appreciate your reply!Doug Mhttps://www.blogger.com/profile/10419014797578262530noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-79831566852734718312012-12-12T14:24:33.615-06:002012-12-12T14:24:33.615-06:00Doug,
Obrien's concern is with returning NGDP ...Doug,<br />Obrien's concern is with returning NGDP to a pre-crisis trend. This is important because many households and firms took out long-term debt prior to the crisis with the expectation that nominal incomes (reflecting NGDP growth) would continue to grow at 5%. That hasn't happened and debt burdens are consequently higher than expected. Returning to pre-crisis trend growth would David Beckworthhttps://www.blogger.com/profile/04577612979801459194noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-52285336523390242572012-12-12T12:38:24.423-06:002012-12-12T12:38:24.423-06:00Benjamin, agreed. It's funny (actually, not fu...Benjamin, agreed. It's funny (actually, not funny at all, quite sad) to hear modern support for Ulysses S. Grant vetoing the Republican-initiated "Inflation Bill" of 1874. Apparently we need a 5 year long depression.RVhttps://www.blogger.com/profile/16028544166369461948noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-74308373967935605802012-12-12T11:50:54.887-06:002012-12-12T11:50:54.887-06:00I studied chemistry in college, and I only took in...I studied chemistry in college, and I only took intro (micro) economics. I'm still trying to learn more about economics in general, so not surprisingly, I am confused about the significance of Matt O'Brien's 2.85% NGDP post-2008 average growth quote. Mainly, I do not understand how NGDP growth needs to be a subject of concern when, as you noted in the last post, year-over-year Doug Mhttps://www.blogger.com/profile/10419014797578262530noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-45202808836826313632012-12-11T23:10:25.011-06:002012-12-11T23:10:25.011-06:00Excellent blogging.
Finding a camp to join can be...Excellent blogging.<br /><br />Finding a camp to join can be tough. I like Ron Paul on the size of our federal government, but---he is a gold nut.<br /><br />Sadly, the GOP and Dems are out to sea. <br /><br />There may be a lesson in this: If we design a central bank to be opaque, secretive and independent, are we surprised when the public and major political parties do not understand monetary Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com