Is Inflation Still Pulling as Issue Number One?

George Selgin is a senior fellow and director emeritus of the Center for Monetary and Financial Alternatives at the Cato Institute. George is also a frequent guest of the podcast, and he rejoins David on Macro Musings once again to discuss their top three articles from the past few weeks related to macroeconomics and monetary policy. Specifically, David and George talk about Jerome Powell’s recent criticism of nominal GDP targeting, Lael Brainard’s recent comments regarding FedNow and real-time payments, the debate surrounding the Fed’s campaign against inflation, and a lot more.

Transcript for the episode can be found here.

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Related Links:

*A Conversation Between Federal Reserve Chair Jerome Powell and Peter Goettler* via the Cato Institute

*The Return of Inflation Makes Deficits More Dangerous* by Greg Ip

*Jerome Powell’s Dilemma: What if the Drivers of Inflation Are Here to Stay?* by Nick Timiraos

*Primer: What is a Real-time Payments System, and Who Should Operate it?* by Thomas Wade

*Facts, Fears, and Functionality of NGDP Level Targeting* by David Beckworth

*Anchors Aweigh: The Transition from Commodity Money to Fiat Money in Western Economies* by Angela Redish