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Rush, Rush, Market Monetarists, Steven Horwitz is your friend

Rush, Rush, Market Monetarists, Steven Horwitz is your friend

Do you remember the Canadian rock band Rush? Steven Horwitz does. Steven does not only like odd Canadian rock, but he is also a clever Austrian school economist. Reading Alex Salter's guest blog ("An Austrian Perspective on Market Monetarism") imitiately made me think of Steven.

Guest blog: An Austrian Perspective on Market Monetarism
Beckworth's journey - we travel together

Beckworth's journey - we travel together

David Beckworth has a blog post on his "Journey into Market Monetarism" and comments on my working paper on Market Monetarism.

Monetary policy and banking crisis - lessons from the Great Depression

Monetary policy and banking crisis - lessons from the Great Depression

As the Euro zone crisis continues to escalate and European policy makers are trying to avoid that the Greek sovereign debt crisis develops into a European wide banking crisis it might be an idea to study history. The Great Depression gives us many insides to what to do and what not to do to avoid crisis.

Gideon Gono, a time machine and the liquidity trap

Gideon Gono, a time machine and the liquidity trap

Here is a quote from a random article from the financial media in 2008:

Believe it or not, but Greenspan makes a lot of sense

Believe it or not, but Greenspan makes a lot of sense

I have often been critical about Alan Greenspan's economic thinking, but listen to this Interview on CNBC. It is pretty good. Greenspan talks about the international financial linkages - particularly between the US and the euro zone. He makes a lot of sense (other than some odd cultural references, which the rather uneducated reporters just go along with...)

Market Monetarist Methodology – Markets rather than econometric testing

Market Monetarist Methodology – Markets rather than econometric testing

When I wrote my book on Milton Friedman (sorry it is in Danish…) a decade ago I remember that the hardest chapter to write was the chapter on Friedman’s methodological views. It ended up being a tinny little chapter and I was never satisfied with it. The main reason was that even though I was and continue to be a Friedmanite in my general (macro) economic thinking I did not agree with Friedman methodological views.

Some (Un)pleasant Nobelmetrics…

Some (Un)pleasant Nobelmetrics…

Ok, I was wrong. I kind of expected that Scott Sumner would not get the Nobel Prize in economics (yeah, yeah I know that its not a real Nobel Prize…) and no I can hardly say that Thomas Sargent and Christopher Sims are not world class economists. Both certainly are, but I must say I am a bit disappointed by the increasing focus among economists on econometrics. But there is no reason to blame Sargent and Sims for that.

Brad, the market will tell you when monetary policy is easy

Brad, the market will tell you when monetary policy is easy

The IS/LM debate continues. Scott Sumner and Brad DeLong now debate how to define “easy money”. Here is my take on how to identify easy and tight money.

A Market Monetarist version of the McCallum rule

A Market Monetarist version of the McCallum rule

McCallum - a inspiration for Market Monetarists

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