1. From now on whenever I read Scott Sumner write anything about "Keynesians" I'm just going to pretend he wrote "people who don't support monetary accomodation". It's getting really tiring to read through his posts expecting to get to a point worth discussing only to find that the whole damn thing is about something we all already know (which isn't to discount Scott's enthusiasm - I think it's probably done some good bringing people who would otherwise be too conservative on demand-side policies into the fold... it's just been too consistently low quality when he tries to talk about his imagined enemies - I have to stop reading enticing post titles that regularly end up being so quixotic).
2. Happy Birthday Thomas Jefferson!
Swiss National Bank vs. the Federal Reserve
2 hours ago