Wonkish and only interesting if you are aware of the proposals and controversy. But if you are, it's a must-read. Sumner and Woolsey are economists and don’t have a good trip on finance and how it works, as Mike Sankowski has pointed out previously. Brian follows up on the latest proposal.
Bond Economics
NGDP Futures Convertibility -- Unworkable?Brian Romanchuk
BTW have you seen all the paranoia over this in the UK:
ReplyDeletehttps://twitter.com/RichardJMurphy/status/756515150685999105