Inflation vs. Deflation
John discusses the relationship between narrow and broad money, the potential for inflation during a recession, and the role of the Federal Reserve in controlling inflation. He also highlights the skepticism surrounding the Fed's ability to bring down narrow money and the implications for future inflation.In this clip
From this podcast
EconTalk
John Taylor on the State of the Economy
Related Questions
What is the correlation between total money supply and inflation?
Is the Fed's concern about the impact of slowing growth and higher rates on middle and lower-income consumers likely to push rate cuts out in the episode John Taylor on Inflation, the Fed, and the Taylor Rule and the clip The Risk of Low Interest Rates?