From Grover Cleveland at Pileus:
Fisher gives us something to think about in terms of the limits of monetary policy, the problem of the Fed’s dual mandate, and the need to get our fiscal house in order.
From Gillian Tett at the Financial Times:
The crucial problem, as Fisher noted with such unusual clarity this week, is that the psychology of this is still so uncertain.
…Anyone who feels tempted to start celebrating the recent share price rally, in other words, would do well to read Fisher’s bold speech – and then take a long, deep breath.
Commenting on Gillian Tett, Scott Sumner had this to say:
“Bold” ”Powerful” “Unusual clarity” I’m intrigued, given that Fisher seems perversely proud of the fact that he’s become one of the world’s most powerful economic policymakers, despite not being an economist.
But I find it interesting that some months ago Pileus did not one, but two posts on Market Monetarism and NGDP targeting!
Historinhas 