Evidence receipt / belief
Published · transcript-backedTyler Cowen: belief
12 Apr 2017 Conversations with Tyler Patrick Collison has a Few Questions for Tyler (Live at Stripe)
“I think the notion of having a Federal Reserve System that is predictable and tries to keep the nominal flow of purchasing power growing at some steady rate, we know that something like that is close to the best we can do in a fairly impressionistic way.”
Source trail
Everything needed to verify it.
- Speaker
- Tyler Cowen
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 12 Apr 2017
- Publisher
- Conversations with Tyler
Transcript context
…Right. [laughs] I think the notion of having a Federal Reserve System that is predictable and tries to keep the nominal flow of purchasing power growing at some steady rate, we know that something like that is close to the best we can do in a fairly impressionistic way. And that’s really important. People didn’t know that in 1929. It’s a huge victory for the contemporary world. So do you think that, from a forward-looking standpoint, we should try to come up with some very minimal set of stable rules along the lines of what you just mentioned? And after that, the, again, forward-looking predictive efforts we’ve done most of as much as we are likely to be able to do, and everything after that is filling in the details on what happened, ex post.…
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