Published Jan 11, 2010

Michael Belongia on the Fed

Economist Michael Belongia critiques the Federal Reserve's monetary policy, highlighting flaws in data accuracy and the challenges of its dual mandate, while offering insights into Alan Greenspan's strategic rate control and its impact on the economy.

Episode Highlights

Topics covered

Episode Highlights

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Michael Belongia on the Fed

Topics covered

Popular Clips

Greenspan's Manipulation

The Fed's Credibility

The Autocratic Greenspan

Greenspan's Control

Rethinking Monetary Policy

The Myth of the Fed

The Taylor Rule Debate

The Fed's Writing Dilemma

Volcker's Motivation

Fed Transparency Debate

Fed Accountability Debate

Challenging Fed Targets

The Fed's Impossible Mandate

Episode Highlights

Monetary Policy Critique

Greenspan's Influence

Fed Mandate Challenges

Related Episodes

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Milton Friedman on Money

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David Beckworth on Money, Monetary Policy, and the Great Recession

John Taylor on Inflation, the Fed, and the Taylor Rule

Allan Meltzer on Inflation

John Taylor on the Financial Crisis

Tyler Cowen on Monetary Policy

David Laidler on Money

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Michael Belongia on the Fed

Topics covered

Popular Clips

Episode Highlights

Monetary Policy CritiqueMichael Belongia critiques the Federal Reserve's monetary policy and data accuracy, proposing reforms for improved effectiveness. He advocates for a stable money supply and accurate data to enhance policy decisions.

Monetary Policy Critique

Greenspan's InfluenceMichael Belongia discusses the strategic maneuvers of Alan Greenspan in controlling the federal funds and discount rates. He critiques the broader impact of these policies on economic targets like asset bubbles and interest rates.

Greenspan's Influence

Fed Mandate ChallengesMichael Belongia critiques the Federal Reserve's dual mandate and the political influences that shape its policies. He argues that the Fed's structure and goals are inherently flawed, leading to challenges in achieving effective monetary policy.

Fed Mandate Challenges

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