Lawrence H White’s contributions to the Hayek Keynes Debate in New York yesterday were cited on CNBC.

One of the surprising things I learned at the debate is that Lawrence White, a huge critic of central banking, is a supporter of targeting nominal GDP . What's more, he says that Hayek was also a supporter of NGDP targeting. I'm not sure why this was such a surprise to me, but it was. Perhaps I have been listening too much to anti-Hayekians rather than Hayek himself.