Here is a link to my 13th column on Quartz: “John Taylor is wrong: The Fed is not causing another recession.” It is the two-paragraph précis of yesterday’s post “Contra John Taylor.”
Twitter provided some reviews of these two pieces that I liked. Here are a few:
- Noah Smith: Miles Kimball bellows, turns green, shreds his clothes, and hurls John Taylor into low Earth orbit
- Daniel Altman: With @TimHarford smacking down Rachman and @mileskimball smacking down Taylor, I think the Internets are won for today.
- Tomas Hirst: An excellent post from @mileskimball explaining why #QE scaremongers are wrong
- Jonathan Prober: Thought your elaboration upon your agreement with Taylor on scope of Fed intertwined with your discussion of SWF was top notch
- Matthew Yglesias