Not exactly, I know. But I have to run out for a while and can't write it up now. What do you think my response to Mattheus is?
I gave a hint of it in the comment section of the post he references. I don't think it's an especialy typical view. Probably the closest person I know to my view made explicitly is Gene Callahan. But I think my view is more or less what people really mean when they cite things like the "social contract" (which is definitely a silly idea).
Every time Nick Rowe writes a macro post...
4 hours ago