Podcast: Ipse Dixit (LS 39 · TOP 2% what is this?)
Episode: Rohan Grey on Monetary Policy
Pub date: 2020-04-02

Notes from The Progressive:

This episode explains alternative options facing the US Treasury, including minting a high-value coin to avoid debt limits, which would alter conventional understanding of the relationship between money and debt, especially in relation to the current economic crisis.

In this episode, Rohan Grey, incoming Assistant Professor of Law at Willamette University College of Law, discusses his article, "Administering Money: Coinage, Debt Crises, and the Future of Fiscal Policy," as well as his recent work on fiscal policy. Grey begins by describing the conventional understanding of fiscal policy and the relationship between Congress, Treasury, and the Federal Reserve, especially in relation to debt limits. He explains how the Treasury has other options, specifically minting a high-value coin to avoid debt limits. And he reflects on how this ought to affect our understanding of the relationship between money and debt, especially in relation to our current economic crisis. Grey is on Twitter at @rohangrey.

This episode was hosted by Brian L. Frye, Spears-Gilbert Associate Professor of Law at the University of Kentucky College of Law. Frye is on Twitter at @brianlfrye.

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