Would-Be Fed Appointees Vivify the Independence Myth
In a recent Wall Street Journal opinon piece, the historically market-oriented Hoover Institution senior fellow John Cochrane argued that “Trump’s Monetary Policy Desires Aren’t Crazy.” As part of his defense of Trump, Cochrane puzzlingly contended that the federal government exports its debt in return for “consumer goods.” As constructed, the argument mistakes causation. The remarkable power […]
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