Mike Konczal, whose blog Rortybomb is must reading on the economic and financial questions we’ve been talking about here, has a thoughtful post on my exchange with Matt Yglesias. Konczal argues that the left needs to think hard about monetary policy and not assume fiscal policy will take care of all of our concerns. I’ll be responding, but very curious to hear your thoughts.
Update (11:10 pm)
Prompted by Konzal’s post, Matt Yglesias has yet another response to our exchange. Again, I’ll be writing something about this in the next few days, so all thoughts are welcome.