"Here's my problem with nominal GDP targeting; 5% inflation with 0% growth and 1% inflation with 4% growth are not evaluated any differently."
"Now that a judge has ruled against Obamacare, what will happen to the quantitative easing?"
"The Ben Benank should either shave or resign."
3 comments:
Uh dude
That is precisely the ADVANTAGE of nominal GDP targeting. That it maintains a symmetry thereby minimizing excessive bias in either direction. You are condemned to read all posts on Scott Sumner's blog before commenting again.
This, my friends, is what we call a complete commenting fail.
You're condemned to the lighter sentence of reading this blog post again, including the title this time.
I knew there must be a reason I haven't watched Larry King in twenty years.
Post a Comment