03 - John Cochrane on Finance, the Fiscal Theory of the Price Level, and Blogging
Macro Musings with David Beckworth
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The Fiscal Theory of the Price Level
It's been fun for me to watch policy be at least influenced or informed in real time by blogging. I remember when TARP was first announced, the blogosphere went postal against that. You get feedback and then you can turn it into some serious research. For my end, it's been great watching this. I feel more informed. Maybe I can say I found my people through blogging and Twitter. In another world, another time, I wouldn't have been able to do so.
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