Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
Greg Mankiw’s recent blog post carries a rather risky title: “The Monetary Base Is Exploding. So What?” I really am trying to understand the viewpoint of the wide range of economists (including Mankiw, Paul Krugman , Scott Sumner, Mike “Mish” Shedlock , Bryan Caplan , and David R. Henderson ) who think the dollar is not going to fall sharply in