John Taylor on monetary policy

[Bradley in DC]

http://www.econtalk.org/archives/2008/08/john_taylor_on.html

 

[TruthisTreason]

http://www.econtalk.org/archives/2008/08/john_taylor_on.html

 

[Malakai]

Did anyone listen to it? Taylor seems to be a pretty hardcore keynesian statist... rabid defense of fed policy and bailouts.

 

[TruthisTreason]

Did anyone listen to it? Taylor seems to be a pretty hardcore keynesian statist... rabid defense of fed policy and bailouts.

It was interesting. The "Taylor rule" he's proud of. I thought it was interesting about how he said the fed controls inflation.

 

[Dr.3D]

It was interesting. The "Taylor rule" he's proud of. I thought it was interesting about how he said the fed controls inflation.

I guess that is why inflation has been positive for so many years straight.

 

[Malakai]

Yeah the interviewer was pretty cool, pointing out that the fed has followed an expanding money supply policy rather than a controlling inflation policy.

 

[Paulitician]

Did anyone listen to it? Taylor seems to be a pretty hardcore keynesian statist... rabid defense of fed policy and bailouts.

He's a specific kind of keynesian... a monetarist! Monetarists focus more on monetary policy with free market rhetoric sprinkled throughout.