I'm convinced Scott Sumner is ignorant of the most significance aspects of the financial & money history of the last decade. @MoneyIllusion
What caused the Great Recession?: A collapse in AD. But what caused that? Excessively tight monetary policy. ... http://bit.ly/XdV38I
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
The endogenous & inevitable collapse of shadow money substitutes & increase in demand for money assets caused 'tight money'
@MoneyIllusionThanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Scott Sumner refused to think like a microeconomist which makes it impossible for him to understand economics of tight money
@MoneyIllusionThanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.