The dysfunction of the elected branches of government shifts ever more power to technocrats who operate at a remove. I include myself in this to start to feel a kind of sympathy for the Federal Reserve if only for the very basic reason that they do have a coherent plan. They are planners. They have some vision of what will happen, which is more in touch with reality than Mitch McConnell's plan.
Featuring historian Tim Barker on the state of monetary politics amid the current fight over inflation.
Check out my July 2021 interview with Barker if you want a more expansive primer on inflation thedigradio.com/podcast/inflation-politics-with-tim-barker
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