Scott Sumner has probably forgotten more about the dismal science then I ever knew, or wanted to know. I read his The Money Illusion Blog, not because I understand NGDP (because I don't), but because I like watching smart and passionate people debate important issues about which I am clueless. It is a twofer: entertaining and educational. Here is the quote from this recent post:
"I don’t really have anything to say, other than that the world economy is in the hands of a bunch of people who are stark raving mad."
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