Macro Lit Review 2: Highlights from Late 2022 with George Selgin
Macro Musings with David Beckworth
00:00
Nominal Income Targeting Would Have Been Easier for the Fed
Sally Kohn: Ngdp targeting would have been easier for the Fed. She says inflation is due to supply side forces and excess demand that came out of fiscal stimulus. The stability of earnings is really more important for macro stability, she says.Kohn: We've had since 1936 now Keynesian economics has been kind of the cat's meow.
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