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  1. "you want the dollars in your pocket to be worth the same today as tomorrow" /2

  2. Click on "feed" for today's podcast from Larry Kudlow Show featuring discussion on monetary policy with Scott Sumner, myself, and Larry.

  3. Check out this great Podcast: The discussion on Trump and the Fed starts about 20 minutes in.

  4. Radio : Trump favors Teasier Money. Scott Sumner

  5. Your warning to Yellen applies very powerfully to Burns, as you say in your column.

  6. on Burns v Nixon specifically, answer is in chapter 7. In 1971, Burns caved

  7. Refraining from rate hikes when economy begs for CapEx, is a political idea. The Fed is the one invoking politics.

  8. Yes, just pre-ordered this book on Amazon. I have 2+ hours on tape discussing with AG what happened in 2008 for WSJ piece that never ran.

  9. Trump did the world a big service. He pointed out the monetary elephant in the room to a global audience.

  10. In this piece as Yellen was appearing before Congress as Fed chair, I mention risk of being seen as political.

  11. Fair enough. Do you think Arthur Burns might have taken into consideration the expressed preferences of Nixon with regard to Fed's policies?

  12. Well, okay. But it still suggests Fed officials might take (or not take) actions based on taking political ramifications into consideration.

  13. We set up central bankers to be demonized for not being omniscient. But the fault lies in fixing price of capital.

  14. This is a tremendously insightful commentary and provides needed depth on Greenspan's reign.

  15. And you will hear about the leadership and intellectual influence of at 22 minutes into the interview, invaluable perspective.

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