Episode Details

Mike talks with LeahDowney,  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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