April 3, 2017

Macro Musings 51: George Selgin on Reforming Open Market Operations and Normalizing Fed Policy

Hosted by David Beckworth of the Mercatus Center, Macro Musings is a new podcast which pulls back the curtain on the important macroeconomic issues of the past, present, and future.

George Selgin, director of the Cato Institute’s Center for Monetary and Financial Alternatives, returns to Macro Musings to discuss his new proposal to reform how the Fed conducts open-market operations. He proposes abolishing the current primary dealer system and expanding the Fed’s number of counterparties. David and George also discuss the Fed’s plans for 2017 and whether it will seek to reduce its large balance sheet.