Like all human institutions, the Fed makes occasional errors in altering the money supply. Would a constant (fixed) rate of money supply growth eliminate errors? Congress sometimes demands more...

Like all human institutions, the Fed makes occasional errors in altering the money supply. Would a constant (fixed) rate of money supply growth eliminate errors? Congress sometimes demands more control of monetary policy. Is this a good idea? Why is fiscal policy, but not monetary policy, entrusted to elected politicians?

May 18, 2022
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