In this episode of the Economics Explored podcast, host Gene Tunny interviews Professor Larry Marsh about his proposal for a new monetary policy tool that uses a central bank digital currency (CBDC) to end inflation without causing a recession. They also discuss the disconnect between the financial sector and the real economy. Larry Marsh is Professor Emeritus in the Department of Economics at the University of Notre Dame and author of the book "Optimal Money Flow."
Larry Marsh’s Optimal Money Flow website:
Where you can purchase Larry’s Optimal Money Flow book:
AEA conference session in which Larry presented his idea for the new monetary policy tool using a CBDC (presentation available for download):
Australian ABC News article referring to Nicholas Gruen’s savings policy proposal mentioned by Gene in the episode:
Nicholas’s 1999 paper outlining the policy proposal:
Links to videos on China a listener sent me in response to EP182 with Dr Jonathan D T Ward: