Dropping Money From Helicopters: Economist John Cochrane On Inflation | Peter Robinson | Hoover Institution
Uncommon Knowledge
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Monetarism and Cryptocurrency
Milton Friedman says an interest rate target will fall apart. The government, our Fed makes no effort to control the quantity of inside money. There's no reserve requirements anymore. M2 is whatever people want it to be. So we don't live in the preconditions where monothereism can work.
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