Mmm, someone hasn't heard of Neo-Fisherism!https://twitter.com/ESYudkowsky/status/697706539872747520 …
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Replying to @Noahpinion
@Noahpinion Nominal interest rate targeting: trying to steer a car with a wobbly wheel whose positions mean something different every meter.1 reply 2 retweets 0 likes -
Replying to @ESYudkowsky
@ESYudkowsky Well, interest rate targeting has the benefit of actually being possible, unlike (say) M2 targeting.1 reply 0 retweets 0 likes
Replying to @Noahpinion
@Noahpinion Sumner put in charge of USA. 3 years later, 3% rates and 2% inflation. Neo-Fisherites declare victory. Sumner shoots them.
4:56 PM - 17 Feb 2016
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