Thursday, January 21, 2010

Scott Sumner fisks John Taylor

here. Maybe one of the only few that could, although that I am thinking that these two are pretty close to the top of the mountain.

Of course, I am constantly thinking that targeting NGDP (Sumner's Rule, if you will) wouldn't have it's own brush with reality and suffer/incent its own set of distortions.

No comments:

Post a Comment