Niklas Blanchard's Head Explodes as He Watches...
Stephen Williamson
: New Monetarist Economics: Nominal GDP Targeting: [T]he ability of a central bank to bringing about improvements in economic welfare, working through real activity, is extremely limited. However, a central bank is also capable of inflicting significant damage if it behaves badly.
Yes, this does make absolutely no sense at all. Viewers do not need to adjust their sets. The problem is with the source.
