Monday, December 20, 2010

Larry King, guest blogger


"Here's my problem with nominal GDP targeting; 5% inflation with 0% growth and 1% inflation with 4% growth are not evaluated any differently."

"Now that a judge has ruled against Obamacare, what will happen to the quantitative easing?"

"The Ben Benank should either shave or resign."


3 comments:

Contemplationist said...

Uh dude
That is precisely the ADVANTAGE of nominal GDP targeting. That it maintains a symmetry thereby minimizing excessive bias in either direction. You are condemned to read all posts on Scott Sumner's blog before commenting again.

Anonymous said...

This, my friends, is what we call a complete commenting fail.

You're condemned to the lighter sentence of reading this blog post again, including the title this time.

Tom said...

I knew there must be a reason I haven't watched Larry King in twenty years.