Peter Stella on the Fiscal Theory of the Price Level
Macro Musings with David Beckworth
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The Fed's Debt Management Proposal Is Not a New Idea
Peter Navarrette: I started proposing this to finance ministries in 2005 and it's not a new idea for me right. The answer is US Treasury go out and issue two trillion dollars more in debt and deposit that at the Fed, he says. "I would say something like you just announced over the next 12 months 24 months the Fed is going to restrict the amount of excess reserves that it will pay into the story"
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