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As Greek Prime Minister George Papandreou is fighting to putting together a new government after he yesterday survived a no-confidence vote in the Greek parliament I am once again reminded by the Argentine crisis of 2001-2002.
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.
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.
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.
Here is from The Street Light:
This is huge news...more to come...
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.