Ambrose Evans-Pritchard once again endorses Market Monetarism
Here is the Daily Telegraph's Ambrose Evans-Pritchard: "Central banks have the means to prevent a 1930s outcome, even with rates at zero, if willing to deploy Fisher-Friedman monetary stimulus with conviction, buying assets from non-banks and targeting nominal GDP growth of 5pc. But policy defeatism is in the air, and Austro-liquidationists are winning the popular debate." Ambrose continue to be the most outspooken British commentator in favour of NGDP targeting - Market Monetarist style. See also my earlier post on Ambrose's views.