A Crazy Idea About Monetary Policy
This post is a slightly modified version of an essay I submitted as part of an application to a fellowship run by the very cool RadicalXChange foundation in December 2020 (I wasn’t accepted ¯\_(ツ)_/¯ ). It definitely helps to understand what a quadratic matching fund is before reading it. Stable, liquid, usable money is a public good. Currently, central banks operate with the goals of keeping inflation steady and, in some jurisdictions, keeping the economy at full employment....