tag:blogger.com,1999:blog-5713178645208582139.post7055403335096561390..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: New Policy Brief on NGDPLTDavid Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5713178645208582139.post-39495738378542659022019-10-13T18:21:20.753-05:002019-10-13T18:21:20.753-05:00If the Fed simply ran a savings and loan bank for ...If the Fed simply ran a savings and loan bank for qualified wholesale money dealers. <br /><br />There is one rule, the Fed will lose some X dollars over the next Y years, and renegotiate an optional contract (with Congress) to repeat. That defines it. The resulting math will generate a unique, efficient process to allow free betting by optimization of trader's S/L ratio. You end up with a Matt Younghttps://www.blogger.com/profile/08404998406161097199noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-45986358508149625802019-10-03T22:21:46.386-05:002019-10-03T22:21:46.386-05:00Well, I am a fan of NGDPLT (which in the old, old ...Well, I am a fan of NGDPLT (which in the old, old days, in the 1960-70s FOMC meetings, was referred to as targeting unadjusted GNP growth, plain and simple). <br /><br />https://www.blackrockblog.com/2019/10/03/going-direct-how-central-banks-could-deal-with-the-next-downturn/<br /><br />Still, there are now serous people advocating money-financed fiscal programs as the necessary next stpe in Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com