He writes:
The (mis-)coordination of monetary and fiscal policy: A commenter on my "loss of faith" post, jj, left the following comment:
So what's up with the new orthodox economists who think that printing money wouldn't work? Are they so orthodox they can't think of how to create money beyond the zero bound? Or because it has never been done in a serious country (kidding!) it is neither proven nor disproven to work, and can't be relied on? Or it's just political realism...
Published on May 31, 2010 16:12