Paul Krugman: Quantitative Easing and Monetary Aggregates: “I get especially annoyed when economists who have been wrongly predicting inflation… …say that it’s not their fault–who could have known that banks would just sit on all those reserves? The answer is, anyone who had paid attention…. Let me quote myself, from… 1998…. Data from the 1930s… … Continue reading Nighttime Must-Read: Paul Krugman: Quantitative Easing and Monetary Aggregates