Nothing Stops This Train with Lyn Alden
Galaxy Brains
00:00
Fiscal Dominance and Central Bank Independence
This chapter explores the intricate dynamics between fiscal and monetary policy, emphasizing the impact of public debt on the Federal Reserve's actions and decisions. It examines historical context, political influences, and the Fed's struggles with inflation and interest rates, alongside the pressures from various political figures. The discussion highlights the challenges faced by the Federal Reserve in maintaining independence while navigating a landscape of increasing fiscal deficits and economic unpredictability.
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