remember, I think Blanchard wrote a note a couple of months ago about, what turned out to be wrong with economic policy.
among other things there were two hits:
1) higher rates are needed to, not to be trapped in liquidity too quickly, if something happens
2) Central Bank should increase inflation targets
in fact, hope, that that document was written with irony and humor and not in his right mind.
from Bernanke on this. need to say, what very calm comments.
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By the way, Krugman also followed for the day before yesterday's performance of Adam'a Posen'a in the LSE