Why It's A Big Problem That Economists Still Don't Understand Money
Odd Lots
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Rethinking Economic Governance
This chapter explores the transition from reliance on central banks to the necessity of government intervention in managing the macroeconomy. It critiques the effectiveness of central banks in economic decision-making, emphasizing the political and social ramifications of their policies, particularly regarding inequality. The discussion advocates for reevaluating fiscal policy, proposing measures like automatic stabilizers and public investment to enhance economic stability while unpacking historical perceptions of government spending.
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