Tyler Cowen, worth pondering...
the libertarian right is having a hard time seeing the Fed as a relative ally over the last three years, which it has been. That admission implies an unappetizing shift in the goal posts for what is possible, and that sounds like a intellectual surrender to a lot of people I know. I think they are in denial. One alternative to acceptance is to view the Fed as sinister, which then leads you to fear anything they do, including QEII, their current major monetary policy initiative.
I have no idea of what he was referring to. There must be something in domestic US policy I'm not aware of, or he is talking about some libertarianism which is not the libertarianism I'm used to.
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There must be something in domestic US policy I'm not aware of, or he is talking about some libertarianism which is not the libertarianism I'm used to.
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