First Market Monetarism hit Wikipedia and now it is “Nominal Income Targeting”. It is interesting stuff. So take a look. However, the writer(s) obviously has a Market Monetarist background of some kind (and no, it is not me…). This is obviously nice, but it should be noted that Nominal Income Targeting has quite long history in the economic literature pre-dating Market Monetarism and that in my view should be reflected on the “Nominal Income Targeting”-page on Wikipedia. I also miss the link to the Free Banking literature. Furthermore, there should be cross references to other monetary policy rules such as price level targeting and inflation targeting. But the great thing about Wikipedia is that these texts over time improves…
Anyway, it is nice to see NI targeting on Wikipedia. Keep up the good work those of you who are doing the hard work on Wikipedia texts.
