"If anyone wants to argue that Milton Friedman is now unimportant to modern economics, that's like saying Bob Dylan is unimportant to modern music." - Stephen Williamson
Why, yes, but to someone as familiar with the more obscure parts of Dylan corpus as I am, this is more than just an analogy. Here I just skim the surface of Dylan's discography:
"Talkin' Optimal Quantity of Money Blues"
"The Lonesome Death of Interest Rate Targeting"
"Love Minus 2% Money Growth- No Limit"
"Stuck Outside of NAIRU, With Those Accelerationist Blues Again"
"It Takes a Train to Laugh, and A Permanent Income To Consume"
I know, none of these are well-known. Deep Bootleg - the Sub-Basement Tapes, if you know what I mean. But hey, how many times have you belted out the first line of one of his best-known tunes, "I Ain't gonna work on Maynard's Farm No More!" - didn't you ever wonder about the reference?
What? "MAGGIE"?? Oh, alright then. Never mind.
You mightn't be Inuit by chance, would you? Because if you are, Oh joy!
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