The Devil Is In the Details

Scott Sumner explains market monetarism (and NGDP targeting).

9 comments… add one
  • Ben Wolf Link

    I know I’ve bitched about this ad nauseam, but it would be nice if Sumner would advance beyond the same vague playbook of:

    #1. NGDP

    #2. Monetary Stimulus

    #3. Use #2 to make #1.

    That’s the entire damned post: “We need to use monetary stimulus to make the economy grow faster.” I encourage him to give me a call once he figures out how to do that.

  • It struck me that way, too. That’s why I gave the post the title I did.

  • Ben Wolf Link

    @Dave Schuler

    Yeah, I’ve finally gotten used to the subtlety and inference in your writing. I like it.

  • Icepick Link

    Macro-economic planning by Underwear Gnome.

  • But they’re underpants made in the good old U. S. of A., dagnab it!

  • That’s the entire damned post: “We need to use monetary stimulus to make the economy grow faster.”

    As opposed to “We need to use deficits to make the economy grow faster.”?

  • Ben Wolf Link

    @Steve Verdon

    And your batting average for failing to pay attention to anything I’ve written on this subject continues to be 1.000. Nice try.

  • Icepick Link

    But they’re underpants made in the good old U. S. of A., dagnab it!

    LMAO!

  • Right back at ya Ben. I bring up points you ignore them. No point in talking to you really, that is why I use the snide comments and the snark.

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