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Mike talks with Leah Downey, a junior research fellow at St. John’s College, Cambridge. They discuss her book, Our Money: Monetary Policy as if Democracy Matters.
Topics Mike & Leah Cover Include:
– fiscal vs monetary policy
– the Federal Reserve’s legal mandate
– the money neutrality myth
– Fed dominance as legitimate, but harmful to democracy
– iterative governance at the Fed
– auditing or otherwise constraining the Fed’s independence
– why the Fed should be regularly rechartered
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