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I was just using the given number. If this scheme were implemented, I'm guessing the number would be picked by economists at the Fed who target a particular mo
by tedsanders 13y ago
I was just using the given number.
If this scheme were implemented, I'm guessing the number would be picked by economists at the Fed who target a particular money supply. And then that number would be criticized by people who think that the Fed is choosing to stiff the poor. For that reason, I think it would be a huge mistake to tie together monetary policy and income redistribution. :)