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Show Notes
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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