The Capitalism and Freedom in the Twenty-First Century Podcast cover image

Monetary economics, the Taylor Rule, fiscal policy, and economic growth

The Capitalism and Freedom in the Twenty-First Century Podcast

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The Importance of a Rules-Based Policy

The idea of a rules-based policy has always been very important to me. I think one sort of misconception is that you advocate for something that's strictly mechanical. The Fed followed the unemployment inflation as probably the dual mandate. People will see how useful it actually is, he says.

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