Tuesday, January 31, 2012

If Only Bloggers Ran the Fed...

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 comment:

  1. 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!