There has been a heated debate lately about whether inflation is transitory or not. I think I caught this discussion a little late, but for various reasons, it took me quite a while to finalize this post, and I see no reason not to share it now. Note that most of the post was written […]
https://www.themoneymischief.com/indicators-of-a-good-monetary-policy/
It’s true that I prefer NGDP Targeting like many other market monetarists. But I also think the Fed did a pretty good job during the Grand Moderation without NGDP Target.In fact, market monetarism is mostly about another set of ideas. The important thing here is to keep in mind that NGDP targeting is not on […]
https://www.themoneymischief.com/market-monetarism-is-more-than-ngdp-targeting/
Many experts seem to have mixed feelings about AIT. While some experts are sure that AIT will be disastrous, pro-free market economists tend to view the situation as a rejection of Keynesian Phillips Curve models. The paragraph that caught my attention in Powell’s speech was this: “Our revised statement says that our policy decision will […]
https://www.themoneymischief.com/the-feds-new-strategy-tiny-steps-forward/
