NGDP Level Target Resources Proponents Liquidity Traps Best of MI Swedish NGDP Blog

Best of The Money Illusion

Still, there is a general rule: when Scott Sumner says you are wrong, you are wrong - Tyler Cowen.

Scott Sumner has a FAQ where he briefly explains his views on monetary policy. He also made a post with links to important posts and articles with his views on a wide range of topics.

My favorite blog posts - in chronological order

Krugman vs. Hamilton/Cole/Ohanian on FDR’s high wage policy

Do you “believe” in rational expectations? (important)

The Great Danes

A short course in monetary theory

Richard Rorty and the efficient markets debate

Why I don’t like IS-LM (reply to DeLong)

Spot the flaw in nominal index futures targeting

Anything IS-LM can do, Fisher did better

The silly multiplier “debate"

Does macro need a paradigm shift?

The autistic macroeconomist

My views on money/macro

Seeing the world in a different way (one year later)

Worth 1000 words.

Income: A meaningless, misleading, and pernicious concept

Income and wealth inequality data: Nonsense on stilts

Why I don’t believe in liquidity traps

Why Japan’s QE didn’t “work”

Fannie, Freddie, and the three “crises”

Are there any non-QTM explanations of the price level?

“You want more NGDP? Well why didn’t you say so!” (What Krugman doesn’t get about Barro/Fama/Cochrane)

When legend becomes fact, print the legend

The mystery of mini-recessions: The dog that didn’t bark