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How the Fed Thinks about Inflation, Cryptocurrencies, and NGDP Targeting

Cato Podcast

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What Are Some of the Key Lessons That You've Learned Since You Become Fed?

The structure of the economy is ever-changing and highly complex. There isn't any specific temperature at which the economy boils over. As the economy evolves, as time passes, we do learn more. It's okay to follow the evidence and change one's mind. I hope that young researchers and economists will consider public service as part of their career.

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