Rethinking Monetary Policy
Belongia challenges the traditional measures of the consumer price index and money supply, highlighting the discrepancies between official data and alternative measures. He advocates for a stable path in money supply to maintain low and stable inflation, arguing against the notion that monetary policy can influence real variables in the long run. The discussion raises questions about the effectiveness and politics of the Federal Reserve.In this clip
From this podcast
EconTalk
Michael Belongia on the Fed
Related Questions