Showing posts with label Tyler Cowen. Show all posts
Showing posts with label Tyler Cowen. Show all posts

Thursday, October 16, 2014

What Did George Mason University's Tyler Cowen Think About the Massive Quantitative Easing Money Printing of the Federal Reserve?

He is really a Krugmanite on Fed printing. He tells us in an early morning post today:
I have supported the various QEs from the beginning, while seeing them as limited in their efficacy.  At the time, and still, I feared deflationary pressures more than high inflation. 

Got that? He is in favor of the money printing, which means he is ignoring Austrian School Business Cycle Theory. I say ignore, rather than unfamiliar, because people tell me he knows exactly how Fed money printing distorts the economy.

And he also knows that deflation, as a problem is a myth. SEE: Murray Rothbard and the Deflation Bogey