George Selgin on Average Inflation Targeting and *The Menace of Fiscal QE*
Macro Musings with David Beckworth
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Can the Fed Expand Its Balance Sheet Rapidly and Still Control the Sansa Monetary Policy?
Fiscal cue is the easy next step to fiscal ce, says David Frum. It's a threat to the fed's independence and ability to stay focused on what i's supposed to be doing - full employment. The other consequence of fiscal cue has to do with appropriations. And this could have important implications because its proprations process has been sidestepped.
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