Nicolas Cachanosky
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Don’t Raise the Target; Change the Framework
“By adopting a nominal spending target, the Fed would embrace a regime that provides clear guidance on the required spending level during times of crisis. This shift would enhance the Fed’s ability to navigate economic downturns effectively.” ~ Nicolás Cachanosky
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Krugman and the Goldbugs
Many economists have strong opinions about the gold standard. Few seem to understand how a gold standard functions.
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•
Don’t Raise the Target; Change the Framework
“By adopting a nominal spending target, the Fed would embrace a regime that provides clear guidance on the required spending level during times of crisis. This shift would enhance the Fed’s ability to navigate economic downturns effectively.” ~ Nicolás Cachanosky
-
•
Krugman and the Goldbugs
Many economists have strong opinions about the gold standard. Few seem to understand how a gold standard functions.