Sometimes people think, "Why have we made a world so pointlessly awful to live in?" Unfortunately this puts them into a meditative, impractical frame of mind that's looking for a moral homily, instead of say NGDP level targeting. And that's why everything will always be awful.
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I read your blog post (the dialogue between the central banker and the modern monetarist) and it was one of the most convincing monetary policy arguments i’ve read in a long time!
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Ars longa, vita brevis
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