Wednesday, November 23, 2011

Quotes of the day: Scott Sumner tweet edition

here. Some of my faves:

All multiplier estimates are nothing more than forecasts of central bank incompetence.

You can’t squeeze blood from a stone; you can’t squeeze consumption from Warren Buffett

If you aren’t targeting the forecast, you are expecting to fail.

Hellooooo . . . NGDP crashes cause financial crises . . . almost always.

The dual mandate: It’s not just a good idea, it’s the law.

and a bonus:
If I ever get sucked into Twitter it will mean: divorce – - -> unemployment – - -> mental institution – - -> endogenous money proponent.

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