Joe Weisenthal comes up with another memorable one. Stephanie Kelton appears prominently.
Business Insider
The Biggest Tragedy In Economics
Joe Weisenthal
(h/t Joseph Weisenthal @TheStalwart via Twitter)
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2 comments:
The biggest tragedy is that anyone takes NGDP targeting seriously.
Here's a February 2012 article describing the Japanese central bank's targeting of inflation:
BOJ Unexpectedly Adds Stimulus As It Sets 1% Target For Inflation: Economy
And the headline from a few days ago:
Deflation Deepens As Japan Contraction Risk Intensifies: Economy
I don't know how Stephanie finds the patience to deal with these people.
I wonder what is driving the beltway's reluctance to publicly accept soft currency economics, if it is true that they actually understand it (as at least some like Bernanke clearly do)?
-- pressure from wealthy donors ?
-- excuse to kill social programs ?
-- or fear of being ridiculed for being the first to say the emperor is not wearing any clothing ?
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