O'Driscoll, knowledge problem, monetary conference, central banks, Hayek, Milton Friedman

On Thursday, November 12th, Cato hosts its 33rd Annual Monetary Conference.  This year’s conference theme is “Rethinking Monetary Policy.”  I will be presenting a paper on “Monetary Policy: The Knowledge Problem.” The knowledge problem in conducting monetary policy, or any other government policy, is that the required knowledge is simply…