Monday, October 17, 2011

About That Goldman Sachs Endorsement of NGDP Targeting

Here it is and it is really good.  One might think they were reading a market monetarist policy paper.   Matthew Yglesias provides further comments on the piece as does Ryan Avent.   Here is my initial response to the piece. 

1 comment:

  1. The Goldman Sachs piece is a remarkable endorsement--not because of the source, but because of the perception of the source.

    Obviously, market monetarism can no longer be dismissed for lacking credentials.

    I wish ideas were judged on their merits, but what, is.