George Selgin on Average Inflation Targeting and *The Menace of Fiscal QE*

George Selgin is the director of the Cato Institute’s Center for Monetary and Financial Alternatives and is a returning guest to Macro Musings. He joins again to talk about his views on the Fed’s new framework and his recent book titled, *The Menace of Fiscal QE.* Specifically, David and George discuss the Fed’s quantitative easing evolution, and how the move to a floor system helped pave the way for fiscal QE to become a more popular policy in the present.   Transcript for the episode can be found here.   George’s Twitter: @GeorgeSelgin George’s Cato Institute profile: https://www.cato.org/people/george-selgin   Related Links:   *The Menace of Fiscal QE* by George Selgin https://www.cato.org/books/menace-fiscal-qe   *Mission Creep at the Fed* by Greg Ip https://www.wsj.com/articles/mission-creep-at-the-fed-11598461446   David’s Twitter: @DavidBeckworth David’s blog: http://macromarketmusings.blogspot.com/