Those who wish for deflation should think through what it means.
November 24, 2015 4:39 PM Subscribe
Nick Rowe is a Canadian macroeconomist at Carleton University. He's the most prolific of several bloggers at Worthwhile Canadian Initiative, a group (mostly macro) economics blog. He often writes on, often colorful, (for a macroeconomist) thought experiments and analyses probing intuitive understandings of 'money,' and generally on the topic of exactly what money and monetary policy are: Is money a liability? Was Milton Friedman a crypto-communist? Can we actually avoid helicopter money? Could we have an economy with negatively valued money? How many markets are there? And of course, what if Chuck Norris was a central banker? He also writes on the nominal GDP level targeting, mentioned previously.
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