Wednesday, November 6, 2013

Midweek Market Monetarist Links and Summaries - 11/6/13

Earlier in the week, Yichuan Wang (at Noahpinion) assures us that even though MP swaps assets, that doesn't make it any less useful:

Latest updates of Hawtrey's Good and Bad Trade, from David Glasner
The Bank of France had a significant role in the Great Depression:

Never at any time in the Great Recession has monetary policy been accommodative (Bonnie Carr):
Bonnie has a follow up here:

Spain sees a (small) gain! - in graphs from Marcus Nunes:
Sometimes, a blueprint - let alone significant knowledge of the situation - turns out to be not enough:
No kidding:
A substantial turnaround on the part of Jeffrey Lacker:
Re: Matt O'Brien's Atlantic article which Marcus highlighted. How could anyone say - with a straight face - that Spain's natural rate of unemployment is 24%?
Marcus utilizes the Meade-Swann diagram to illustrate U.S. role for Korean adjustment in Asia crisis:
In charts, the ECB has passed the "stupidity threshold":
Remember when Mark Carney said, "Under NGDP targeting, bygones are not bygones":

Lars Christensen gets right to the point - deflation is already at the doorstep:
Ambrose Evens-Pritchard quotes Lars in this Telegraph article:

Nick Rowe says that monetary policy is like a bus, because we're all on it together:

What would have happened without the recent QE? James Pethokoukis of AEI highlights some interesting research as well:

November essays from Cato Unbound, "The Federal Reserve at 100", Scott Sumner's essay is on November 8th:

Scott Sumner links to a Buttonwood post at the Economist, "The Disinflation Phenomenon":
in The Eurozone Great Depression
The post title says it all: Brad Delong, sounding unusually market monetarist, calls a Nobel Prize-winning believer in liquidity traps a "dumbass"
Scott takes issue with the statistics that are often used to "prove" income realities:
What it means to be "rich" in America
In Whose Side Are You On? Scott links to a new web site that calculates political "leanings". Not surprisingly, my results were close to his.
While this post makes me feel "better" re family and friends finding Market Monetarism confusing, it doesn't encourage me that nations can steer their way clear of economic disaster:
The Eurozone Great Depression

This link is one of the big reasons I rant endlessly about local and national supply side issues. The Economist illustrates one of the more unsettling aspects of the U.S. today - an Institute for Justice story:

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