George Selgin on Average Inflation Targeting and *The Menace of Fiscal QE*
Macro Musings with David Beckworth
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Is There a Way Out of the Floora System?
George seljon's new book is about the menace of fiscal cue. He argues that we need to get out of the floor system and into a 'teard' system. A teard system has an interest rate low enough for reserves to bear, but not so high as to be inflationary. We don't want to have to go through this process again with our central banks.
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