BONUS: George Selgin on the Fed Taper and Shrinking the Fed’s Balance Sheet
Macro Musings with David Beckworth
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Should We Be Worried About the Fed Managing That a Quarter of the Public Debt?
The fede is becoming increasingly a public debt manager, that it holds a large amount of the government liabilitie. What we really should be worried about is that we don't have fiscal monetary coordination going on. I think it's not healthy to have a monetary system that plays such a role in shaping the structure of the debt when there's any reason why we should care about that structure.
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