2017-07-20
2024-11-05
Two years ago, I took a step away from blogging. I had made a habit of regularly blogging for about a decade. Beginning in 2013 with my personal blog, Money, Markets, and Misperception , I used the platform as a space to explore ideas. Exhuberance and a general lack of awareness of what I did not know were a useful combination at the time. My interests moved from monetary theory and monetary...
2014-09-13
Many Austrian economists are skeptical of the efficacy of a nominal income level targeting policy for a central bank. For example, Alex Salter argues that nominal income (he discusses NGDP) should not be treated as an object of choice for central bankers. His perception that nominal income level targeting treats nominal income as an object of choice is representative of a widespread Austrian...