Money Talks: Fixing A Broken Monetary System
Slate Money
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Monetary Policy and Its Impact
This chapter explores the critical role of commercial banks in money creation and the implications of current monetary policies on inflation. It examines the quantity theory of money and historic examples to illustrate how increases in money supply during events like the pandemic affect asset prices and overall economic stability. The speakers critique current Federal Reserve practices and advocate for formalized strategies to ensure a manageable money supply and consistent inflation targeting.
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