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How To Debate Paul Krugman

…willingness to investigate the effectiveness or ineffectiveness of his particular medicine. I want to make something perfectly clear before we go any further. It is fine to disagree with Krugman,…

QEurope

I am generally skeptical about the importance of further QE in the USA, but I am definitely not skeptical about the effectiveness of the the leaked European Central Bank plan…

Very Rude Comments

…the effectiveness of monetary policy right now. I note again that you have not identified one advance new Keynesians have made beyond Keynes. The alleged examples include speculation about UK…

The Rulers Cannot Take Responsibility

…them. A high-functioning nation is the opposite of a high-functioning business. Efficiency for its own sake is dangerous. Demanding immediate profits, or any profits at all, can reduce the effectiveness

I Agree with Joe Gagnon

…years, there has been little tendency for market forecasts to move toward Fed forecasts. To increase its effectiveness, any such announcement should be accompanied by concrete actions to push market…

How QE2 could cause low investment

…private agents. This is a plausible explanation for the apparent effectiveness of QE1 (the Fed bought mortgage backed securities, commerical paper and made loans to banks). It is one rational…