3. Tyler Cowen: Second-Order Economics, Talent, and Straussianism
Ryan Chern Podcast
00:00
The Necessity of Institutions for Financial Stability
This chapter explores the importance of institutions like the Fed for long-term financial and macro stability. The speaker discusses the need for a Fed and suggests a more rules-bound approach. They also discuss their views on crypto and central bank digital currency (CBDC), expressing concerns and uncertainty about their implications.
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