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Episode 228: Moving the Wrong Way with the Fed

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Manage episode 478443933 series 2869904
Content provided by National Review. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by National Review or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
If our goal is a monetary policy that minimizes interventions and distortions in the marketplace and most optimally allows capital to find its most efficient use, the last thing we should want is a Fed that is less independent and more captive to political whims and desires. David explains his various criticisms of Jerome Powell this week, but points out how we make things much worse, not better, if we believe it a good idea for the Fed to be a pawn of the president. In this case, it is counterproductive; for future precedent, it is downright dangerous.
  continue reading

106 episodes

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Manage episode 478443933 series 2869904
Content provided by National Review. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by National Review or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
If our goal is a monetary policy that minimizes interventions and distortions in the marketplace and most optimally allows capital to find its most efficient use, the last thing we should want is a Fed that is less independent and more captive to political whims and desires. David explains his various criticisms of Jerome Powell this week, but points out how we make things much worse, not better, if we believe it a good idea for the Fed to be a pawn of the president. In this case, it is counterproductive; for future precedent, it is downright dangerous.
  continue reading

106 episodes

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