Welcome on board James Pethokoukis

Take a look at these articles from the American Enterprise Institute’s James Pethokoukis:

Fed study says Bush and the banks didn’t cause the Great Recession. The Fed did

Is it time for the Fed to launch a pro-growth monetary policy?

Does the euro zone have a debt crisis or a nominal GDP crisis?

Yeah, it seems like we got an ally at the AEI. Welcome on board James!

HT David Beckworth

Update: Also listen to James’ interview with Scott Sumner.

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5 Comments

  1. cthorm

     /  August 9, 2012

    I might have to start tuning in to CNBC again…

    Reply
  2. I might have to try to get back on CNBC. CNBC by the is much better in European time than in US hours…

    Reply
  3. tjjivehour

     /  August 9, 2012

    While I don’t always agree with AEI positions and research (one of my biggest issues with “conservative” ideology is the aversion to immigration), I’ve definitely noticed a tilt in their recent economic research and positions that seems to be leaning closer and closer to MM school of thought. I mean, who would’ve thought AEI scholars would write a book extolling the virtues of a progressive consumption tax? Maybe I’m too young to remember it, but I don’t ever recall American Conservatives being terribly excited about anything with the word “consumption” in it…

    Reply
    • tjjivehour,

      I personally have found myself in agreement with many of the views of the AEI over the years (particularly on economic issues). However, market monetarists certainly do not have a general view on consumption taxes. I know Scott Sumner thinks is a great idea. However, I don’t see that as a MM position. Market Monetarism is not an ideology, but a way of thinking about monetary and macroeconomic issues. There is no left or right to it – even though most of the main MM bloggers clearly are libertarian/conservative leaning.

      Reply
      • tjjivehour

         /  August 9, 2012

        Didn’t mean to imply consumption taxes were a pillar of MM thought, but was more meaning to imply it was something that seems to have become increasingly embraced by right-leaning economists. Main point, find myself liking the AEI work in recent years, and definitely noticing they’re tilting in the right direction…

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