
273: James Fishback - THIS TIME It’s Different…or Is It
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The Ineffectiveness of Interest Rate Hikes and the Jelly Donut Hypothesis
This chapter discusses the ineffectiveness of interest rate hikes by the Fed, the use of tools like quantitative easing, and introduces the 'jelly donut hypothesis.' It also explores the shift in perception of the lemon head problem for the Fed and its impact on growth and employment.
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