Something Positive from the Cato Institute

Over the last several years, most of what I have seen from the Cato Institute on monetary policy has worried that the Fed was creating too much money. Finally, someone has looked at the Cato Handbook! As mentioned before, the late Bill Niskansen, who served as chairman of the Cato Institute for 23 years, was an advocate of targeting slow, steady growth in nominal expenditures. Check out the post by Timothy Lee.