The Fed's Role
Lawrence and Russ discuss the role of the Federal Reserve in the 2008 financial crisis, examining the interaction between housing and monetary policies. They explore how the Fed's actions contributed to the housing bubble and the subsequent collapse of the economy, emphasizing the importance of understanding the common signals that drive widespread behavior. Lawrence also raises concerns about the Fed's lack of constraint and its impact on democracy and capitalism.In this clip
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EconTalk
Lawrence H. White on Monetary Constitutions
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