ALL BLOG POSTS
Allan Meltzer was one of the founding fathers of monetarism and he has always been one of my favourite economists. However, I must admit that that is no longer the case. His commentary over the last couple of years has had very little to do with monetarism. In fact most of Meltzer's commentary reminds me of "internet Austrianism". His latest comment in the Wall Street Journal is certainly not better, but it quite well illustrates his transformation from monetarist to crypto-Austrian. In fact I think it is too depressing even to comment on it (or link to it). However, David Glasner has a very good comment on Meltzer. I suggest you all read it.
Back in March I wrote this:
Anybody who have been following my blog knows how much admiration I have for George Selgin so when George speaks I listen and if he says I am wrong I would not easily dismiss it without very careful consideration.
Project African Monetary Reform (PAMR) - post 1
Here is Yale economics professor Stephen Roach:
Noah Smith has a new blog post where he questions Scott Sumner's idea that monetary policy should be conducted with the use of NGDP futures.
One of the great things about blogging is that people comment on your posts and thereby challenge your views and at the same time create new ideas for blog posts. Therefore I want to thank commentator Max for the following response to my previous post:
I hate getting into debates where different bloggers go back and forth forever and never reach any conclusion. I am not blogging to get into debates, however, I must admit that Steven Williamson's recent posts on NGDP level targeting have provoked me quite a bit.
It is vacation time for the Christensen family so I might not be blogging too much in the next couple of weeks, but we will see. I would however, like to share what books I have brought with me on our vacation in our vacation home in Southern Sweden (Skåne).
Over the last couple of days we have published four guest posts by Clark Johnson on "Keynes: Evidence for Monetary Policy Ineffectiveness?". Here you can read the paper in its entirety.