Some have recently suggested that Ted Cruz has been inspired by Market Monetarist thinking. I have no clue about that, but at least it seems like Cruz understands now that the Great Recession – as the Great Depression – was caused by too tight monetary policy.
Listening to this recent question to Janet Yellen from Senator Cruz could make you think that has moved away from his former goldbug thinking. That would certainly be good news.
Watch Ted Cruz question Yellen here.
PS No I am not endorsing any US presidential candidate.
Update: A friend sent me this one.