Of all the establishment economists, I like Greg Mankiw the best. Not because he isn’t a statist and an inflationist and a centralist; but he has some knowledger of the Austrian School. He is a clear writer, and Joe Salerno tells me Greg’s bestselling textbook is the least-bad of them all. Certainly it is a huge improvement over Paul “admirer of the old Soviet economy” Samuelson’s. Here is an example of Mankiw’s clear writing: a plea to let the Fed “save” the economy from recession, brought on by Fed monetary expansion, with more monetary expansion. The former Bush economic advisor … Continue reading Print That Funky Money, White Boy