I am sure it will remain to be seen. I am basing what I said on Sumner's writing on the subject ( how's that for an appeal to authority? :) ) He seems to hold

I am sure it will remain to be seen. I am basing what I said on Sumner's writing on the subject ( how's that for an appeal to authority? :) ) He seems to hold that Oz uses something closer to NGDP level targeting in monetary policy. http://www.themoneyillusion.com/?p=12985 http://www.themoneyillusion.com/?p=12985 I am probably missing something.