Don Luskin Yawns Away Inflation and US Government Debt Concerns

[shutuprafa]

I still think Luskin is a goldilocks dingbat but his views have changed. He used to be a goldbug...now he thinks money creation is a good thing. There is hope in this world

[MrLucer86]

The world is a dangerous place, not because of

those who do evil, but because of those who

look on and do nothing. —Albert Einstein

[heckler73]

Friedman? You mean Milton? Please elucidate, I thought he would have been in the inflationista camp, considering his belief in QTM. Or am I missing the point in the reference?

[AntiSchiff]

@heckler73

Well, Friedman did focus on M2, which doesn't work anymore, but he did argue Japan had tight money while he was still alive during the Japanese 'lost decade". He also argued that low interest rates were a natural feature of depressed economies when money velocity was allowed to fall.

[heckler73]

@AntiSchiff When you put it that way, it does fall in line with what I know about Friedman'. I believe that echoes something Koo has mentioned regarding the cautious fiscal policy of the Japanese during that time. Thanx for the clarification. It would be interesting to see how Friedman would've changed his tune with the GFC, though. But... he's dead.

[AntiSchiff]

@heckler73

hoover org/publications/hoover-digest­/article/6549

[AntiSchiff]

@TheAntiAusterity

Yeah, Luskin pushes Ayn Rand for example, which is intolerable.

[SunriseInTheMidwest]

haha awesome economist. Yawned right in his face.

[Minethis1]

Excellent!