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Dropping Money From Helicopters: Economist John Cochrane On Inflation | Peter Robinson | Hoover Institution
Uncommon Knowledge
The Fed Sets Interest Rates More Than Inflation
Cochran: "The assumptions are comport with current reality. ... The Fed sets interest rate targets and does not limit the quantity of inside money" Cochran says he's fleshing out a new theory that comports better with reality than previous theories. 'I think if I'd encountered you, I might have understood a few things much better'
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