I appreciate Jeffrey’s kind remarks on my monetary ideas and feel very fortunate that James Hamilton, George Selgin and Jeffrey Hummel took the time to give careful consideration to my essay.
There’s not much for me to disagree with in Jeffrey’s final post (although I ended up a bit more optimistic about improving the Fed than he is.) I have benefited from reading his writings on economics and history (a subject he knows far more about than I do). I have also greatly benefited from George Selgin’s writings on issues such as free banking and the productivity norm. James Hamilton has done excellent work on the Great Depression that was useful in my own research, and his blog econbrowser.com has helped me to better understand Fed policy over the past two years, even if we ended up with somewhat different positions. So I thank all three for their participation in Cato Unbound.