Lots of links and dialogue of late. Perhaps I should start with David Glasner's series of posts in which he tries to get at the heart of his own issues with Milton Friedman, as this debate continued at various blog sites through the week.
http://uneasymoney.com/2013/08/01/my-milton-friedman-problem/
http://uneasymoney.com/2013/08/05/second-thoughts-on-friedman/
http://uneasymoney.com/2013/08/11/krugman-predicts-the-future-history-of-economic-thought/
http://uneasymoney.com/2013/08/11/sumner-sticks-with-friedman/
Here, Scott Sumner responds to the Krugman post which puts Friedman in an unfavorable light:
A Future Extended Footnote Kicks an Economic Giant
And then Scott Sumner responds to David Glasner regarding Friedman
Mr. Friedman and the Classics
Tyler Cowen takes issue with Krugman's interpretation of Friedman, and offers a series of helpful links in this Marginal Revolution post, as well:
How would monetarism have fared against the Great Depression?
Lots of disappointment this week in the UK, re the BoE and Mark Carney. Britmouse at Uneconomical did some thorough reporting, and also included this "roundup" with additional links and coverage:http://uneconomical.wordpress.com/2013/08/07/ir-reaction-roundup/
...plus a follow up the next day: http://uneconomical.wordpress.com/2013/08/08/reaction-roundup-2/
Ryan Avent looks at the fact that Market Monetarism is still an unfinished revolution:
http://www.economist.com/blogs/freeexchange/2013/08/monetary-policy-0
Scott Sumner offers some clarification for Ryan Avent's post:
http://www.themoneyillusion.com/?p=22890&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Themoneyillusion+%28TheMoneyIllusion%29
Nick Rowe has certainly been "back in action" this week with some pertinent posts. I particularly liked the first one, where he knew there was no convincing his mother about inflation:
http://worthwhile.typepad.com/worthwhile_canadian_initi/2013/08/redefining-inflation-austrians-ngdp-targets-and-my-mother.html
http://worthwhile.typepad.com/worthwhile_canadian_initi/2013/08/is-the-macroeconomy-self-equilibrating-is-a-stupid-question.html
http://worthwhile.typepad.com/worthwhile_canadian_initi/2013/08/the-strong-monetarist-dark-force-of-macroeconomic-self-equilibration.html
Bill Woolsey highlights Scott Sumner's article in the FT this week, along with the work by David and Christina Romer which explains the greatest mistakes by the Fed: the Great Depression, the Great Inflation and the Great Recession: Sumner on Summers
Two more, recently posted by Scott Sumner:
Money and libertarianism
And this is quite encouraging:
Other Fields are Taking Notice
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