Return to "What Could President Paul Actually Do?"
By Bryan Caplan
I was going to write a post called “What Could President Paul Actually Do?” until I realized I already wrote it four years ago. Since it still seems current, I’m reposting it instead:
My main revision: President Paul probably would scare the Fed into becoming marginally more contractionary. And I’m afraid that Sumner’s right that this would seriously retard recovery. Still, the net effect seems very good indeed.
Which is why it won’t happen. 🙁
Categories: Politics and Economics