George Selgin on Average Inflation Targeting and *The Menace of Fiscal QE*
Macro Musings with David Beckworth
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Is the Feds a Quasa Fiscal Cure?
The recent crisis has done is to su antally increase the importance of quase fiscal ce. We can't speak of a strictly fiscal cuee going on during this crisis, says David Frum. This episode is providing more precedent that could help to inform further calls for purely fiscal cuin uture. One reason why i think this is all very bad is because quantitative easing is actually a rather bad way to pay for things. It's not fiscally aprudent, but it gives the impression of being cheap.
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