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[quote user="JimS"]Be very very careful there. The correct policy prescription should be ". . . include money supply growth stability to the Federal Reserve's legal mandate" i.e. a 1-2% per year M3 growth rate.[/quote] But that aggregate doesn't even exist anymore! ;) Seriously though, didn't Volker try that with terrible
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[quote user="macsnafu"]I'm not entirely sure, but it sounds like he wants to limit increases in the money supply to increases in production, which I think would minimize the boom-bust cycle.[/quote] I talked to him about it, and he said that since new money enters the economy through the financial markets, the best way to prevent an artificial
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Greetings, all. I've lurked around quite a bit on this site, and I must say that the Austrian perspective is quite refreshing. Anyways, in my Congressional District there's a guy named Richard Carter ; running in the Democratic primary (yeah, I know). He's certainly not a Hayek or Mises, but one thing I did notice in his economic policy