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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