David Andolfatto
dandolfa
Great question, Erik. Here are my own thoughts (not to be attributed to FRB St. Louis or the Federal Reserve System).https://twitter.com/ErikVoorhees/status/1387469641933545474 The Federal Reserve is obliged to do the best
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If deficits run unabated as demand for UST debt stabilizes, result must eventually be inflation. Interest rate policy may bring inflation down temporarily (via recession), but would be powerless in
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"If everyone has a Fed account, with none of the fees or minimum balance restrictions that discourage millions of Americans from opening accounts at commercial banks, then it would be
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