Wednesday, March 9, 2011

We Have Nothing to Fear but the Fear of Inflation?

Best signal yet that Tyler Cowen wants to sit at the big boys table at Treasury. Cowen writes of "common mistakes of right wingers":
There is excess fear of inflation and hyperinflation in the current economic environment. 
And proof Cowen has no clue what government created moral hazard creates. He writes:
The role of market failure in the recent financial crisis is underestimated. It is also believed that we can somehow commit to a policy of no future bailouts. Promoting that myth will make future bailouts more likely.


  1. Underestimating the role of market failure? Free market economist.. pff.

  2. a bit tough on tyler, the mistakes of left-wing economists has some meaty stuff in it, the mistakes of right-wing economists reads (sounds?) like scraping an (empty) barrel

  3. The difference is Tyler knows better.