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George Selgin outlines strategy for the privatisation of the money supply
I have earlier argued that NGDP targeting is a effectively emulating the outcome under a perfect Free Banking system and as such NGDP level targeting can be seen as a privatisation strategy. George...
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David Beckworth on Bernanke’s inconsistencies
David Beckworth has an extremely insightful blog post on the inconsistencies of Ben Bernanke’s views as an academic and as a central bank chief. Anybody who have read the academic Ben Bernanke’s...
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Imagine if Charles Evans was on the ECB’s Executive Board
Yesterday, I did a (very short) post about Irish deflation and there is no doubt that the euro crisis continues. Depressingly there is no really appetite among ECB policy maker to fundamentally have a...
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Jeff Frankel repeats his call for NGDP targeting
Here is Jeff Frankel on Project Syndicate: “Monetary policymakers in some countries should contemplate a shift toward targeting nominal GDP – a switch that could be phased in gradually in such a way as...
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New book on Market Monetarism from Nunes and Cole
I don’t have much time for blogging, but buy this new book written by my good friends Marcus Nunes and Benjamin Cole: Market Monetarism Roadmap to Economic Prosperity here is the book description:...
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Book of the day – Nunes and Cole
Not much time for blogging, but this is ‘book of the day’ – it just arrived in the mail. Maybe you should buy it as well – do it here (ebook) or here (paperback). See also here.
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“Whatever it takes to get deflation” (Stealing two graphs from Marcus Nunes)
Marcus Nunes has two extremely illustratative graphs in his latest blog post. Just take a look here: I don’t think any other comments are needed…
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It is time for BoE to make the 4% NGDP target official
While I do not want to overestimate the effects of Brexit on the UK economy it is clear that last week’s Brexit vote has significantly increased “regime uncertainty” in the UK. As I earlier have...
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