John Taylor on the Financial Crisis
EconTalk
English - July 20, 2009 06:30 - 57 minutes - 26.3 MB - ★★★★★ - 4K ratingsCourses Education Science Social Sciences economics business books interviews history ethics Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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John Taylor of Stanford University talks with EconTalk host Russ Roberts about the fundamental causes of the financial crisis of 2008. Taylor argues that the housing bubble of the early 2000s was caused by excessively loose monetary policy, in particular, a sustained period of excessively low interest rates pursued by the Federal Reserve. Other topics covered include rules vs. discretion in monetary policy and the risks of inflation in the coming months. The conversation concludes with a discussion of the impact of the current crisis on future monetary policy and the field of macroeconomics.