-
Not Everyone Is Addicted to Inflation
Paul Krugman made a little fun of me in a column last week. He wrote that “market monetarism,” a set of ideas about monetary policy that I once called “the shining success of the conservative reform movement,” had not caught on with any actual conservatives. Over the last few years, market monetarists have wanted looser money and higher inflation. Yet many conservatives still fear inflation and want tight money; in 2012, the Republican Party even added a plank to its platform calling for re-examination of the gold standard. But here’s the funny thing: Despite an apparent lack of conservative support, market ... (full story)