Despite the fact that The New Yorker regards itself as the “best magazine that ever was,” I rarely get around to actually reading it. I guess after the New York Times and the New York Review of Books, I feel that I’ve consumed enough spinach, er, East Coast sophisticated modern liberalism.
In any case, The New Yorker’s James Surowiecki has an excellent new article on the myth that easy money is hurting savers. (Of course I’d say it’s excellent, he relies heavily on quotes from me.) I’ve been a fan of Surowiecki’s since I first read “The Wisdom of Crowds.”
I’d like to also praise the fact checker at The New Yorker, who does an outstanding job. She went over every single point in James’s interview, to make sure I was quoted accurately and also that all the facts were correct. Because there are lots of subtle nuances in monetary economics, and because I often speak rather loosely, it’s easy for reporters to get the wrong idea. In any case, James got it right the first time, but it was nice to be asked.
PS. I still think The Economist is the best magazine that ever was. But then I’m an economist, not a New Yorker.