This is the start of a new weekly feature for early Wednesday mornings, and any suggestions are certainly welcome - just leave a note in the comments (by Tuesday evening) if something has caught your attention. Mostly these links are a way for those presently busy with other things to "catch up", but it's also a chance for my readers not as familiar with Market Monetarism to take in some noteworthy blog posts, articles and other related items. While most of these particular posts will be happenings from the previous week, occasionally there'll be links to earlier items as well.
Scott Sumner says the real Summers/Yellen debate is about how monetary policy should steer the economy at the zero bound, and Matt Yglesias had an interesting take on that thought process:
http://www.slate.com/blogs/moneybox/2013/08/01/turkeys_vs_hummingbirds_in_central_banking.html
Here's Scott's post:
http://www.themoneyillusion.com/?p=22706&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Themoneyillusion+%28TheMoneyIllusion%29
Britmouse "sets Tyler Cowen straight", as to what the UK should be able to expect in terms of a recovery: http://uneconomical.wordpress.com/2013/08/05/greater-expectations/
Those who caught my firefighter as arsonist post a few days back, know that I liked Lars Christensen's post which encouraged my own:
http://marketmonetarist.com/2013/08/03/firefighter-arsonists-the-myth-of-the-central-bankers-as-good-crisis-managers/
Marcus Nunes has links to two articles by Robert Hetzel, "Does Monetarism Retain Relevance?" and "ECB monetary policy in the recession".
http://thefaintofheart.wordpress.com/2013/08/02/sensible-thoughts-on-monetary-policy/
Also, for those of us who would like to see Christy Romer get the job as Fed Chair, he lists some of her articles in this post:
http://thefaintofheart.wordpress.com/2013/08/02/the-pretenders-an-outsider/
David Beckworth spoke of Abenomics as a fulfillment of Milton Friedman's policy prescriptions on what would have been Friedman's 101st birthday.
http://macromarketmusings.blogspot.com/2013/07/abenomics-as-fulfillment-of-milton.html
Justin Irving (Economic Sophisms) has built a market-driven, intraday NGDP indicator at efficientforecast.com.
http://economicsophisms.com/2013/07/29/efficientforecast-com/
George Selgin recently wrote an interesting historical paper, "The Rise and Fall of the Gold Standard of the United States".
http://object.cato.org/sites/cato.org/files/pubs/pdf/pa729_web.pdf
Before wrapping up MM links for the week, I do have a request for Bill Woolsey: more blog posts please! Of course if you're on vacation right now, we understand. However Bill has not been completely "missing", as we've found any number of good comments from him at several blogs recently. Oh yes, I would be remiss if I don't ask: Mark Sadowski, when will you start your blog?
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