tag:blogger.com,1999:blog-5713178645208582139.post820909676843822478..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: Fool Me Once, Shame on You; Fool Me Twice Shame on Me.David Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5713178645208582139.post-68591356945463050202015-03-15T23:55:26.690-05:002015-03-15T23:55:26.690-05:00Interesting, but against this you must consider th...Interesting, but against this you must consider the possibility that money is super -neutral, meaning most of the time monetarism just does not matter in affecting real variables, much as central bankers like to think otherwise. Fisher Black held this view, and that data seems to support him. For example (one of many) Volcker actually lowered interest rates for a period in the 1980s when he wasRay Lopezhttps://www.blogger.com/profile/11134761834999705305noreply@blogger.com