Peter Stella on the Fiscal Theory of the Price Level
Macro Musings with David Beckworth
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The Infinite Horizon Fiscal Theory
There's a lot that is not necessarily obvious on the balance sheet and you know we don't really. There would be 30 years of work to figure out oh how do we know that the u.s. is issuing more than it can, he says. "I don't think we're ever going to get a one equation that says oh yes all the time there's going to be a one-to-one match"
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