He's serious. He reads Scott Sumner, who has cast a spell on most of the profession at this point. They honestly believe Bernanke has been stingy with monetary policy all along.
This is what you can expect with people who think being 'practical' is more important than principles. If you don't have principles, you can say or do anything.
I guess to the sheltered intellectuals, screwing over the working class isn't a negative.
ReplyDeleteHe's serious. He reads Scott Sumner, who has cast a spell on most of the profession at this point. They honestly believe Bernanke has been stingy with monetary policy all along.
ReplyDeleteGive a man a fish and feed him for a day. Teach him how to fish and feed him for a lifetime.
ReplyDeleteWe need to distribute printing presses to everyone! Call them iQEs, and we'll never have to worry about a tight monetary policy again.
LOL at his Twitter pic.
ReplyDeleteThis is a professor from a supposedly free market college?
ReplyDeleteMainstream Economists:
ReplyDeleteBuild a man a fire and he is warm for a day. Set a man on fire and he will be warm for the rest of his life.
This is what you can expect with people who think being 'practical' is more important than principles.
ReplyDeleteIf you don't have principles, you can say or do anything.