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Open-minded Brits – and Austrians

Open-minded Brits – and Austrians

American Alex Salter is a good example of the open-minded Austrians who has welcomed the dialogue with Market Monetarists. In my own part of the world Austrians is also engaging us in a serious fashion. A good example is Anthony Evans – self-declared Austrian, monetary specialist and Associate Professor of Economics at London’s ESCP Europe Business School, and Fulbright Scholar-in-Residence at San Jose State University.

More on the McCallum-Christensen rule (and something on Selgin and the IMF)

More on the McCallum-Christensen rule (and something on Selgin and the IMF)

I have just printed three papers to (re)read when the rest of the family will be sleeping tonight. You might want to have a look at the same papers.

Killing the messenger won't solve the debt crisis
The Hottest Idea In Monetary Policy

The Hottest Idea In Monetary Policy

Its pretty simple - Scott Sumner is a revolutionary with revolutionary idea and he is breaking through big time.

Chuck Norris on monetary policy #2

Chuck Norris on monetary policy #2

I am continuing my tribute to the great Chuck Norris.

The open-minded Krugman

The open-minded Krugman

I didn’t expect this ever to happen, but I have to say something nice about Paul Krugman’s comments on his New York Times blog. Well, there is actually a lot of positive to say about Paul Krugman, but we just tend to forget it when he is giving us free market economists a hard time. However, the story today is not about what we think, but “where” we express our views and share our research.

NGDP targeting is not about ”stimulus”

NGDP targeting is not about ”stimulus”

Market Monetarists are often misunderstood to think that monetary policy should “stimulate” growth and that monetary policy is like a joystick that can be used to fine-tune the economic development. Our view is in fact rather the opposite. Most Market Monetarists believe that the economy should be left to its own devises and that the more policy makers stay out of the “game” the better as we in general believe that the market rather than governments ensure the most efficient allocation of resources.

Fear, hope, doubt and resignation

Fear, hope, doubt and resignation

Sunday October 9:

Nick, Chuck and the central banks

Nick, Chuck and the central banks

Here is Nick Rowe on central banks and Chuck Norris. If you don't understand Chuck you don't understand central banks.

Gold, France and book recommendations

Gold, France and book recommendations

Can you recommend a book that you haven’t read yet? I am not sure, but I will do it anyway. I believe we can learn a lot from the Great Depression and I am especially preoccupied with the international monetary consequences and causes of the Great Depression.

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