Monday, December 7, 2009

 

This Sounded Funny to Me

"But first, a word about policy. There is absolutely no reason that I can come up with not to try an expansionary monetary policy now. If my views of money are correct, that policy will not work, but neither will it cause any harm."

-- Arnold Kling, December 6, 2009.



Comments:
If you find benefits without costs, reach for your revolver (or panic room keypad for the pacifists here).

If you find a higher probability assigned to one event, without a lower probability assigned to a mutually exclusive event, reach for your revolver.

(Yes, I can post on EconLog now, I found out.)
 
Kling isn't making any sense in either that quote or the post it came from.

Inflation as only a fiscal phenomenon? Come on.

Keith
 
Continuing with the gun motif, I restate my long held thesis that ABCT critics are invariably shooting with blanks.
 
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