Thursday, May 31, 2012

James Galbraith on the Federal Reserve



Short video but intriguing commentary. Galbraith offers support for the Fed's dual mandate, noting that it allows targeting inflation level other than zero. Separately, he comments on the non-independence of the Fed, a topic I mentioned earlier today in The Asymmetric Nature of Monetary Policy.


(h/t Lord Keynes at SOCIAL DEMOCRACY FOR THE 21ST CENTURY: A POST KEYNESIAN PERSPECTIVE)   

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