Tuesday, November 16, 2010

Finally, Krugman and Wenzel See Eye to Eye (Don't Expect This to Last)

Monday, I write:

An odd group has put together an open letter to Fed Chairman Ben Bernanke calling for an end to QE2.

What's odd about this group is that many of them tend not to generally comment on economic matters, others tend to have little understanding about money or the business cycle.

For example, Bill Kristol of the Weekly Standard signed the letter. There is no indication he has any special knowledge about economics.
Krugman also on Monday:

This open letter to Ben Bernanke is a remarkable document, not least for who signed it. Who knew that William Kristol was an expert on monetary policy?

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