In this episode, George Robertson joins the show to discuss why he thinks there is no monetary policy, the changing reaction function of the Fed, and how fiscal is driving nominal GDP. We also delve into the implications of an absent Fed, the real risk-free rate, and much more. Enjoy!
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Timestamps:
(00:00) Introduction
(02:11) The Fed Doesn't Exist
(06:58) Neo Wicksell Policy Shift
(14:14) Forward Guidance
(15:54) Summarizing George's Position
(17:50) Normalizing Fed Funds
(21:03) There Is No Monetary Policy
(33:28) Ads
(35:00) There Is No Monetary Policy (Continued)
(37:18) What Is Driving The Economy?
(45:09) Implications Of An Absent Fed
(49:51) What Stage Are We In?
(53:01) The Real Risk-Free Rate
(01:01:23) Economic Outlook
(01:06:10) Learn More About George's Work
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.