...I am seeing a lot of young libertarian or Austrian PhD students I know, with fairly stereotypical libertarian/Austrian professors (from what I am aware - correct me if I'm wrong), reacting very positively toward the Fed announcement.
Of course that is because of the market monetarist corner of the blogosphere, which has this strange effect of preserving the anti-Keynesian animus of the libertarian/Austrian professors even though Keynesians have been saying very similar things (see previous post for an example).
But still, if it makes for good policy I'm happy.
But it's very interesting. I'd be curious to know about how discussions of this with your professors go over the next several weeks.
A methodological individualist mistake
6 hours ago