Warren explains how present monetary policy is about housing as a chief economic driver, operating through mortgage rates, and how the Fed can manage this policy more effectively through its ability to set price as US currency monopolist.
The Fed Can Set Mortgage Rates: Guest Post by Warren Mosler
Posted by L. Randall Wray | Professor of Economics, University of Missouri at Kansas City
Posted by L. Randall Wray | Professor of Economics, University of Missouri at Kansas City