More Money?

Dear Professor Sumner,

Your delightful blog (along with some others — see the blogroll to the right) has re-awakened a passion for economics in me and gotten me interested lately in the rather obscure but important subject of monetary policy. You were starting to convince me of the importance of easy money during our recent demand shock, but now there are smart conservatives who I admire that are saying the Fed is too loose with our money supply (and that tax policy matters more anyway when it comes to growth — I heard Uncle Larry on the radio this morning repeating the same thing he says in this link) and if anything we need a stable dollar and/or we should go back to a gold standard. Your thoughts?

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About Fake Herzog

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