Milton Friedman famously reviewed the business cycle with his ‘Plucking Model’ as a strong refutation of Austrian Business Cycle theorists and doomsayers. This article is a nod and tip-of-the-hat to the current success of ultra-stimulatory monetarist policies.
Tag Archive 'Macro-economics'
The Chinese Macro environment should prove quite exciting over the course of 2011. Unfortunately, part of this excitement could be due to uncontrolled inflationary pressures and the resultant extreme policy shifts required in order to confront them.