John Taylor on Inflation, the Fed, and the Taylor Rule
EconTalk
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Monetary Policy and Economic Stability
This chapter explores the effects of the Federal Reserve's monetary policy on the economy, particularly focusing on interest rates and inflation. It discusses the importance of returning to effective monetary principles from the 'great moderation' era while analyzing the ongoing debates surrounding fiscal policy and national debt. The conversation highlights the need for more responsible fiscal practices to ensure long-term economic stability.
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