I appreciate a number of the comments people made on my previous post on my debate with Ian Fletcher...that people should be free to make their own decisions even if that means that they consume more and save less than [Fletcher] would like...
In my view the essence of the Keynesian approach to macro policy is the use by government officials of discretionary countercyclical actions and interventions to prevent or mitigate recessions or to speed up recoveries...
The piece that I published this morning has already attracted a lot of attention, for which I am grateful, but seems to have generated some confusion, which is best avoided...
It is hard to say which is more surprising, that anyone still argues that we can predict very little or that anyone believes expertise conveys reliable judgment...
