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What Does It Mean to Ask 'Is Money too Loose?'

Summary:
Simple questions (like the titular querry) about monetary policy are easy to ask, but difficult to answer. Scott Sumner breaks down the various components of an "overly loose" policy at Seeking Alpha.  Read it here: What Does It Mean to Ask 'Is Money too Loose?'

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Simple questions (like the titular querry) about monetary policy are easy to ask, but difficult to answer. Scott Sumner breaks down the various components of an "overly loose" policy at Seeking Alpha. 

Read it here: What Does It Mean to Ask 'Is Money too Loose?'

Scott Sumner
Scott B. Sumner is Research Fellow at the Independent Institute, the Director of the Program on Monetary Policy at the Mercatus Center at George Mason University and an economist who teaches at Bentley University in Waltham, Massachusetts. His economics blog, The Money Illusion, popularized the idea of nominal GDP targeting, which says that the Fed should target nominal GDP—i.e., real GDP growth plus the rate of inflation—to better "induce the correct level of business investment". In May 2012, Chicago Fed President Charles L. Evans became the first sitting member of the Federal Open Market Committee (FOMC) to endorse the idea.

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