How Nearly Two Decades Of Fed Policy Contributed To Bubbles, Busts, And A Boom In Debt
Odd Lots
00:00
Rethinking Nairu and Economic Policy
This chapter critically examines the Nairu concept and its implications for economic policy, questioning the Federal Reserve's ability to maintain low inflation and maximum employment. It highlights the accumulation of risky debt due to federal policies and advocates for proactive fiscal measures alongside monetary policy to tackle economic challenges. Additionally, it reflects on the limitations of current economic models and the necessity for a balanced approach that integrates both fiscal and monetary strategies.
Play episode from 23:50
Transcript
