3min chapter

Macro Musings with David Beckworth cover image

George Selgin on Strategic Bitcoin Reserves, Debanking, and the Fed’s Framework Review

Macro Musings with David Beckworth

CHAPTER

Understanding Economic Frameworks and Nominal GDP Targeting

This chapter explores key elements of a successful economic framework, advocating for clear communication and the role of makeup policy. It emphasizes nominal GDP-level targeting, challenges common misconceptions, and underscores the straightforward nature of understanding nominal income and potential real GDP changes.

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