Fiscal Dominance and the Politicization of Money (opens in new tab)

Fiscal Dominance and the Politicization of Money Much of the contemporary debate about monetary policy focuses on technical questions: whether reserves should be scarce or abundant, whether fintech companies should have master accounts at the Federal Reserve, whether those accounts should resemble the accounts held by banks, or how far the Fed’s independence should extend. […] The post appeared first on <a href="