Monday, October 30, 2017

David Glasner — Larry Summers v. John Taylor: No Contest


Mostly about John Taylor who seems to have made the final cut for Trump's short list to replace Janet Yellen, along with Jerome Powell, who is now a member of the Fed Board of Governors.

Should Fed policy be rule-based (Taylor) or discretionary (Powell)?

David Glasner argues against John Tayor and in doing so, gives us a close look at Taylor and his rule-based approach to monetary policy.

Uneasy Money
Larry Summers v. John Taylor: No Contest
David Glasner

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