Friday, November 1, 2019

Mercatus Center Economist Calls for More Money Printing

David Beckworth
David Beckworth, a  research fellow at the Koch-funded Mercatus Center at George Mason University, is tweeting support this morning for more money printing and more interest rate cuts by the Federal Reserve.

It all started when Minneapolis Fed President Neel Kashkari tweeted out a call for easier money seemingly based on the discredited Phillips curve.

Kashkari is the most aggressive advocate for more Fed money printing among the entire Fed group of money printers. If you are an Austrian school economist, you have to think he is a total quack. A  Gideon Gono-lite.

So after the Kashkari tweets, along comes Beckworth with this:

This is just Phillips curve support wrapped around Keynesian theory.

I'm speechless.


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