The Market Monetarist voice at Cato Institute
In a pervious post I have noted that Tim Lee a scholar at the libertarian Cato Institute has been endorsing basically Market Monetarist ideas. Now Tim has a comment on Market Monetarism. I am happy to see that Tim has nice things to say about Market Monetarism and my paper on Market Monetarism in his latest article at forbes.com. Once again - I am happy to see that Tim Lee is continuing the work for nominal income targeting that William Niskanen started at the Cato Institute. NGDP should be the natural position of the good people at the Cato Institute.