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Why is the Fed Not Printing Like Crazy?
I try to read all sides of the economics blogosphere, and try and grasp the ideas of even those who I would seem to radically disagree with. One thing that the anti-Fed side of the economics...
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Minsky, the Lucas Critique, & the Great Moderation
Last week, I noted that the post-2008 world had provided an astonishingly good test for Milton Friedman’s notion that stabilising M2 growth was an effective antidote for economic depressions. Bernanke...
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