[T]he idea that the Riksbank policy, with a still implied money supply growth of 5%, is equivalent to an Ayn Rand-style gold standard, that is just plain silly.
Monday, November 25, 2013
Krugman Discusses Swedish Monetary Policy and Gets It All Wrong
He thinks the Swede's have a tight monetary policy. However, as Stefan Karlsson points out:
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A simple rule of thumb is that whenever a mainstream economic commentator makes an Ayn Rand comparison, it's really an admission of stupidity.
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