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Edward Harrison here. I run the blog Credit Writedowns where a number of the Keen and Fulwiller posts ran. I just wanted to commend Nick for maintaining a tone of civility which is exemplary given the snarkiness which pervades many of these monetary policy threads. The Krugman monetary policy threads seem to have been shut down by holding comments in a moderation queue. I hope that isn't the case because it would be disappointing. Ultimately, laypeople are going to learn a lot more from comment threads like yours, Nick. Kudos.
"Monetary policy is just one damn interest rate after another"
No it isn't. History might appear to be just one damn fact after another, but it's the job of social scientists to make sense of those facts, and try to explain the endogenous facts in terms of (relatively speaking) exogenous facts. Americans might be forgiven for thinking that monetary policy i...
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Apr 2, 2012
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