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The Market Monetarist voice at Cato Institute

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.

Does China target NGDP?

Does China target NGDP?

Much of the debate about NGDP targeting in the blogosphere is about what the Federal Reserve should do. However, I think it is equally important to discuss and focus on what monetary regimes are preferable for other countries. I hope I will be able to increase the focus among Market Monetarists on monetary policy in other countries than the US.

Tim Lee - Market Monetarist

Tim Lee - Market Monetarist

Timothy B. Lee at the Cato Institute has a couple of interesting comments out on US monetary policy - they are at the core very much Market Monetarist.

Beckworth and Ponnuru: Tight budgets, Loose money

Beckworth and Ponnuru: Tight budgets, Loose money

David Beckworth and Ramesh Ponnuru just came out with a new article on the economic policy debate in the US. Beckworth and Ponnuru lash out against both left and right in American politics. Let me just say that I agree with basically everything in the article, but you should read it yourself.

 William Niskanen 1933-2011

William Niskanen 1933-2011

William Niskanen passed away on October 26. I have always admired Niskanen a lot. He was a champion of liberty and a great economist.

The Chuck Norris effect, Swiss lessons and a (not so) crazy idea
George Selgin on Bernanke and NGDP targeting

George Selgin on Bernanke and NGDP targeting

Bill Woolsey has comment on Fed governor Ben Bernanke's comment's yesterday regarding NGDP targeting.

BREAKING NEWS!! Fed is now openly discussing NGDP targeting

BREAKING NEWS!! Fed is now openly discussing NGDP targeting

This is huge news...more to come...

M-pesa - Free Banking in Africa?

M-pesa - Free Banking in Africa?

A number of my readers have an interest in monetary reform and especially in Free Banking. In that regard developments in Kenya are in fact very interesting, but I guess little known to Free Banking theorists.

Germany 1931, Argentina 2001 - Greece 2011?

Germany 1931, Argentina 2001 - Greece 2011?

The events that we are seeing in Greece these days are undoubtedly events that economic historians will study for many years to come. But the similarities to historical crises are striking. I have already in previous posts reminded my readers of the stark similarities with the European – especially the German – debt crisis in 1931. However, one can undoubtedly also learn a lot from studying the Argentine crisis of 2001-2002 and the eventual Argentine default in 2002.

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