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8 connected korrents · 4 moments on record from 11 Jan 2021 to 6 Nov 2023.

Same subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subject Neither monetaristmoney-supply-focused modelsnor Keynesian macro models… TC Tyler Cowen — holds since 2023-10-01 Milton Friedman's best-known policy prescription, targeting the money supply, is no longer regarded as correct. Milton Friedman'sbest-known policy… TC Tyler Cowen — holds since 2023-10-01 Judging by output kept near potential despite weak private demand, Japan's decades of high debt and low inflation reflect a qualified policy success, not failure. Judging by output keptnear potential despite… OB Olivier Blanchard — holds since 2022-06-01 Quantitative rules are not a reliable tool for ensuring government debt sustainability. Quantitative rules arenot a reliable tool for… OB Olivier Blanchard — holds since 2022-06-01 The price level behaves as the aggregate of mostly backward-looking decisions rather than as an asset price, except during hyperinflation, so expected future primary balances barely affect it today. The price level behavesas the aggregate of… OB Olivier Blanchard — holds since 2022-06-01 The value-versus-growth distinction does not serve investors well in a fast-changing world. The value-versus-growthdistinction does not… HM Howard Marks — holds since 2021-01-11 The sharp steepening of the long end of the yield curve in 2023 was not predicted by economists, including forecasters who had modelled persistently low safe rates. The sharp steepening ofthe long end of the… OB Olivier Blanchard — holds since 2023-11-06 Milton Friedman's chief intellectual flaw was wanting to make economics too simple. Milton Friedman's chiefintellectual flaw was… TC Tyler Cowen — holds since 2023-10-01 A highly dynamic economy that cheaply mass-produces robots may increase rather than decrease the risk of Malthusian resource dilemmas. A highly dynamiceconomy that cheaply… TC Tyler Cowen — holds since 2023-10-01
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