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A consolidated budget balance view and its implications for policy

David Beckworth  |  May 11, 2020

By David Beckworth, interview of Nathan Tankus, transcript includes “Beckworth: And I think that's a great starting point in terms of thinking about the consolidated balance sheet and accounting gimmickry. So to start us off, why is it a façade to claim the central bank is independent? … Tankus: Well, but where I would disagree is legally the Federal Reserve is responsible for its own accounting rules …” 

Read the full article on: Mercatus Center, George Mason University

 
 
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