No, not to the SCOTUS position. I'll leave that for more qualified analysts. I'm just saying that it seems that Trump will appoint more hawkish appointees for the two vacancies on the Fed’s Board of Governors, which are part of the FOMC, that decided monetary policy (the other 5 are the Governor of the NY Fed, and governors of the rotating member banks). It seems that Trump wants higher interest rates, even if that contradicts his rhetoric about the dollar being appreciated and hurting manufacturing at home. If monetary policy turns significantly more contractionary, unless he really goes for fiscal expansion, he might after all throw the economy into a recession. So far just more uncertainty.
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MMT in Developing Countries at the Real News Network
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Fields, David (Forthcoming), “Classical Dichotomy,” Edward Elgar Encyclopedia on Central Banking , edited by L.P. Rochon et... -
Modern Monetary Theory (MMT) has been in the news again, and for good reasons. I actually had a post with the same title back in Februa...
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