Mike talks with LeahDowney, a junior research fellow at St. John’s College, Cambridge. They discuss her book, Our Money: Monetary Policy as if Democracy Matters.
Topics Mike & Leah Cover Include:
fiscal vs monetary policy
the Federal Reserve’s legal mandate
the money neutrality myth
Fed dominance as legitimate, but harmful to democracy
iterative governance at the Fed
auditing or otherwise constraining the Fed’s independence
why the Fed should be regularly rechartered
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