David Andolfatto has thoughtfully replied to my critique of his "A public finance case for keeping the Fed's balance sheet large.” Here I respond to his reply (despite his Twitter plea to me not to!). I thank him for taking the time to address my criticisms. I…
(Recently I was invited to testify on the title subject, along with Robert Eisenbeis, Todd Keister, and John Taylor, before the House Committee on Financial Services Subcommittee on Monetary Policy and Trade. The topic is, as loyal Alt-M readers know, one that I have plenty to say about….
That's the title of my contribution to Cato's online forum on "Reviving Economic Growth." The forum anticipates a conference on "The Future of U.S. Economic Growth" being held at Cato all day tomorrow. My forum piece is an edited version of a somewhat longer paper I plan…