The Tragic Consequences of Ignoring Economic Realities
Economist George Selgin discusses the tragic consequences of the Federal Reserve's focus on maintaining artificially high interest rates, leading to a collapse in spending and a loss of control over the target federal funds rate. Selgin highlights the flawed belief that monetary policy is solely about interest rates, rather than flows and quantities, and the detrimental impact it had on the economy.In this clip
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George Selgin on Monetary Policy and the Great Recession
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