Tuesday, August 7, 2012

The AEI Turns Market Monetarist

Or at least James Pethokoukis of the AEI does.  He has been blogging like a Market Monetarist of late.  Here he makes the case the Fed caused the Great Recession, not the housing bust or oil shock.  Here James is considering whether it is time for the Fed to launch a pro-growth monetary policy.  Finally, he pushes the argument here that the Eurozone crisis is a nominal GDP crisis, not a debt crisis.  This is encouraging since most of the right-of-center think tanks have been overrun by the gold bug. 

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