…at Trader Vic’s: and his hair was perfect! Nick Rowe writes: Nick Rowe: Mackerels and Money: “Arnold Kling asks…. …Why should the M in MV=PY stand for money, and not mackerels? Why can’t an excess demand for mackerel cause a recession? Why can’t an excess supply of other goods be matched by an excess demand … Continue reading I Saw a Monetarist Drinking a Pina Colada…: Thursday Focus: April 17, 2014