64 min listen
Belongia on the Fed
ratings:
Length:
75 minutes
Released:
Jan 11, 2010
Format:
Podcast episode
Description
Michael Belongia of the University of Mississippi and former economist at the St. Louis Federal Reserve talks with EconTalk host Russ Roberts about the inner workings, politics, and economics of the Federal Reserve. Belongia talks about the role that power and politics play in Federal Reserve decision-making and how various Fed chairs used their power to suppress dissent within the Fed that was critical of Fed policy. He argues that the Fed faces an unresolvable dilemma when asked to achieve the multiple goals of full employment and price stability using only the federal funds rate as a policy lever. The discussion concludes with Belongia's indictment of the monetary data that the Fed produces.
Released:
Jan 11, 2010
Format:
Podcast episode
Titles in the series (52)
Garett Jones on Macro and Twitter: Garett Jones talks with host Russ Roberts about the art of communicating economics via puzzles and provocative insights and Jones's Twitter strategy of posting quotes and puzzles. Are earmarks good? bad? What does the new workplace mean for productivity? by EconTalk Archives, 2010