Scott Sumner answers Noah Smith. I think that Sumner is probably closer to the way it was and now is, since his span of experience is greater.
The Money Illusion
Is economics getting more liberal?
Scott B. Sumner | Professor of Economics at Bentley University
But apart from that, are we all still agreed that Sumner has lost the plot...:-)
ReplyDeleteRight. I think his remembrance of the history is correct than Noah's after the fact, but that says nothing of his view os monetary economics or his political economy.
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