Our Money: Monetary Policy as if Democracy Matters

Mike talks with LeahDowney, a junior research fellow at St. John’s College, Cambridge. They discuss her book, Our Money: Monetary Policy as if Democracy Matters. Topics Mike & Leah Cover Include: fiscal vs monetary policy the Federal Reserve’s legal mandate the money neutrality myth Fed dominance as legitimate, but harmful to democracy iterative governance at the Fed auditing or otherwise constraining the Fed’s independence why the Fed should be regularly rechartered The Politics Guys on Facebook | X Mike’s Substack: What Fresh Hell is This? Listener support helps make The Politics Guys possible. You can support us or change your level of support at patreon.com/politicsguys or politicsguys.com/support. On Venmo, we’re @PoliticsGuys. The Politics Guys is part of The Democracy Group, a network of podcasts that examines what's broken in our democracy and how we can work together to fix it. Learn more about your ad choices. Visit megaphone.fm/adchoices