Here’s a good interview with Chicago’s John Cochrane, who offers incisive contrarian views on money, inflation, “stimulus,” Greece, the euro, economic growth, and Milton Friedman’s “Inflation is always and everywhere a monetary phenomenon” meme. I wrote about these topics here.
John Cochrane’s “Unpleasant Fiscal Arithmetic”
Can economic growth stop the coming fiscal inflation?
See my new Forbes column on the puzzling economic outlook and a new way to think about monetary policy . . . .
What not to do
The Wall Street Journal documents Japan’s endless series of profligate pump-priming “stimuli” in the 1990s.
The experiment, predictably, failed.
Here’s Dan Mitchell with a critique that goes beyond Japan:
