"The real problem with the sales tax increase is that the money is being used to finance additional government spending." (Scott Sumner) Were market monetarists wrong about Japan?
When the natural rate of unemployment is close at hand, things get more complicated. Scott addresses concerns which have come up recently in comments: A time for nuance
Overreach on Obama's part? Sure. But like Scott I noted the utilitarian aspect of more individuals willing to toe the line: That's outrageous!
Neo-Fisherism has Keynesian assumptions: Neo-Fisherism in a world of multiple policy tools
Some posts from Econlog (Scott Sumner)
These wars don't have common themes: The smart against the dumb: The new Cold War
The Democrats aren't the only ones with expensive programs: Why America can't have small government (and China can)
Needed: a monetary regime completely divorced from the banking sector. Still, Izabella Kaminska made some completely off base comments about free banking: A few thoughts on free banking
Here's George Selgin's response to Kaminska
Pathetic! (Marcus Nunes) http://thefaintofheart.wordpress.com/2014/11/19/the-feds-two-step-dance/
(Bonnie Carr responds here)
Is labor market slack low...or high? http://thefaintofheart.wordpress.com/2014/11/20/the-federal-justice-system-is-a-lot-better-at-parsing-evidence/
They've got it where they want it: http://thefaintofheart.wordpress.com/2014/11/21/nothing-ado-about-inflation/
At "low" pressure...http://thefaintofheart.wordpress.com/2014/11/21/in-a-perpetual-state-of-readiness/
Not quite ready for policy normalization: http://thefaintofheart.wordpress.com/2014/11/25/all-quiet-on-the-e-front/
David Glasner argues for the U.S. Treasury over gold: http://uneasymoney.com/2014/11/22/misunderstanding-reserve-currencies-and-the-gold-standard/
A response from Bill Woolsey: Reserve Currency Status
However, quantitative easing is only a temporary "fix" (Bill Woolsey): Hummel on Quantitative Easing
Is the Fed committed to a 4% level NGDP target? (Lars Christensen) http://marketmonetarist.com/2014/11/25/the-story-of-a-remarkably-stable-us-ngdp-trend/
Ravi Varghese considers the role of the ECB in the recent Irish crisis: http://insecurityanalyst.blogspot.com/2014/11/the-celtic-tiger-falls-into-trap.html
Inflation is dead (Benjamin Cole) http://thefaintofheart.wordpress.com/2014/11/24/remembering-ronald-reagan-federal-budgets-and-inflation-fighting-john-cochrane-fights-economic-history-again/
An interesting post from Lorenzo: http://skepticlawyer.com.au/2014/11/25/origins-of-the-state/
Police should not plunder the weak and the powerless (James Caton) http://moneymarketsandmisperceptions.blogspot.com/2014/11/turning-back-police-state-knowledge-is.html
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