Top Tweets for #TimCongdon
In the discussion, I asked whether the #GreatRecession 2007/8 really *can* be explained by Friedman's work. #TimCongdon argues *yes* (but that this type of argument is neglected in #GFC explanations), and makes a comparison with Friedman's explanation for the #GreatDepression.
#TimCongdon argues it's only by looking at *broad* money (not M1 & M2) that we can see early signs of 2007/8 #GreatRecession (compare two slides below). #IIMR @iimr_buckingham #MonetaryEconomics #Macro #CentralBanking #BoE #Fed
#TimCongdon arguing *broad money* more important than narrow money for achieving #monetarystability. Also looking at 20thc debates over whether money can be ignored altogether. #MonetaryEconomics #MacroDebates #CentralBanking #Fed #BoE #Friedman @Undercoverhist @MarshallLibrary
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