Bill Dudley — Budget Deficits Still Matter

Summary:
Amazing. A major player at the Fed and key voice in setting monetary policy didn't know how the monetary system works based on correct operational understanding — which MMT provides and which he also proves ignorant about. And this when he was also serving on the FOMC and deeply involved in setting monetary policy for the US, which also affects the entire world, during the crisis and aftermath. Bloomberg OpinionBudget Deficits Still Matter Bill Dudley William C. Dudley is an American economist who served as the president of Federal Reserve Bank of New York from 2009-2018 and as vice-chairman of the Federal Open Market Committee. —Wikipedia RelatedJeff Spross explains why monetary policy set by the Fed is less effective than fiscal policy owing to the Fed's shotgun approach versus

Topics:
Mike Norman considers the following as important: Bill Dudley, FED, FOMC, MMT, Monetary Policy

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