Scott Sumner, the world’s most ardent
anti-Keynsian and ardent opponent of fiscal stimulus, is thrilled that Bernanke says
the Fed didn’t do enough monetary stimulus during the recent recession. That,
so Sumner claims, is support for his Market Monetarism.
Just one problem there: Bernanke also
said there wasn’t enough fiscal stimulus. See here,
and here,
and here,
and here,
and here.
But if you want more, then Google “Bernanke
fiscal congress” or something like that.
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