Look: I am eager to learn stuff I don't know--which requires actively courting and posting smart disagreement.

But as you will understand, I don't like to post things that mischaracterize and are aimed to mislead.

-- Brad Delong

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Everything that appears on this blog is the copyrighted property of somebody. Often, but not always, that somebody is me. For things that are not mine, I either have obtained permission, or claim fair use. Feel free to quote me, but attribute, please. My photos and poetry are dear to my heart, and may not be used without permission. Ditto, my other intellectual property, such as charts and graphs. I'm probably willing to share. Let's talk. Violators will be damned for all eternity to the circle of hell populated by Rosanne Barr, Lady Gaga, and trombonists who are unable play in tune. You cannot possibly imagine the agony. If you have a question, email me: jazzbumpa@gmail.com. I'll answer when I feel like it. Cheers!

Sunday, October 31, 2010

Sunday Music Blooging Bonus - AKA SMB II on QE II

This is quite timely, given the way Krugman and people like David Beckworth are talking past each other on the prospect of QE II.  Either the zero interest rate bound means something for monetary policy, or it doesn't.  Either expectations wag reality, or they don't.  Maybe we'll find out as this unfolds.

It'a also the first time I've seen anyone, other than me, pay the scantest attention to the death of the M1 multiplier, so I think that's pretty cool.

It's clever, and it also sounds pretty good.  Enjoy!



H/T to Calculated Risk.

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