Alex Salter’s (friendly) critique of Market Monetarism

Alex Salter just sent me his latest working paper “Not All NGDP is Created Equal: A Critique of Market Monetarism”. I haven’t read the entire paper yet,  but Alex is always writing interesting stuff – including as a guest blogger at this blog – so I want to share it with my readers already. Here […]

Guest post: Thoughts on Policy Uncertainty (Alex Salter)

Even though I think the primary economic problem in the US and in Europe at the moment is weak aggregate demand due to overly tight monetary policy I certainly do not deny the fact that both the US and the euro zone face other very significant problems. Among these problems are considerable “regime uncertainty”. In […]

“Synthesizing State and Spontaneous Order Theories of Money”

I have been traveling quite a bit recently and have had a bit of a hard time finding time for blogging. I really wanted to blog about why I think that there is a very serious risk that the Swedish Riksbank might hit the Zero Lower Bound soon and is totally unprepared for this. I […]

Remembering the “Market” in Market Monetarism

A couple of days ago the young and talented George Mason University economist Alex Salter wrote the following statement on his Facebook account: I wish market monetarists would put relatively more emphasis on the “market” bit. I agree with Alex as I believe that one of the main points of Market Monetarism is that not […]

“Synthesizing State and Spontaneous Order Theories of Money”

I have long been impressed with the young guard at George Mason University. Now two of them – Alex Salter and Will Luther – is out with a new Working Paper – “Synthesizing State and Spontaneous Order Theories of Money”. It is very interesting stuff and I highly recommend it to anyone who is interested in […]

Guest blog: Central banking – between planning and rules

I have asked Alex Salter to give his perspective on the ongoing debate about “Central banking is (not) central planning” in the blogosphere. David Glasner also has a new comment on the subject. But back to Alex… …………… Guest blog:  Central banking – between planning and rules Alex Salter I’ve been reading about the […]

Open-minded Brits – and Austrians

American Alex Salter is a good example of the open-minded Austrians who has welcomed the dialogue with Market Monetarists. In my own part of the world Austrians is also engaging us in a serious fashion. A good example is Anthony Evans – self-declared Austrian, monetary specialist and Associate Professor of Economics at London’s ESCP Europe […]

Horwitz, McCallum and Markets (and nothing about Rush)

Alex Salter has made a forceful argument that there are strong theoretical similarities between Market Monetarist thinking and Austrian School Monetary Equilibrium Theorists (MET). I on my part have noted that METs like Steven Horwitz have similar policy recommendations as Market Monetarists – particularly NGDP targeting. Steve Horwitz makes a strong case for NGDP targeting […]

Rush, Rush, Market Monetarists, Steven Horwitz is your friend

Do you remember the Canadian rock band Rush? Steven Horwitz does. Steven does not only like odd Canadian rock, but he is also a clever Austrian school economist. Reading Alex Salter’s guest blog (“An Austrian Perspective on Market Monetarism”) imitiately made me think of Steven. Steven Horwitz identify himself as a Austrian economist in the monetary […]

Guest blog: An Austrian Perspective on Market Monetarism

Alex Salter Due to my insistence on the relevance of Austrian economics to monetary theory, and to Market Monetarism in particular, in the comments section of this blog, Lars has invited me to do a guest post on how Austrian conceptions of the market economy and the role of money lead to conclusions shared […]