Political economy, especially analysis that emphasizes incentives and knowledge, can offer insights about which rules for monetary policy would best help to stabilize the macroeconomy and prevent disasters such as the recent financial crisis. It can also tell us something about which monetary rules are more likely to be implemented.

Alexander William Salter is a Research Fellow at the Independent Institute and Associate Professor of Economics in the Rawls College of Business at Texas Tech University.
Economic PolicyEconomy
Other Independent Review articles by Alexander William Salter
Fall 2020 Malignant Monetary Monocentricity
Summer 2020 Ideologies, Institutions, and Interests: Why Economic Ideas Don’t Compete on a Level Playing Field
Fall 2018 Space Capitalism: How Humans Will Colonize Planets, Moons, and Asteroids
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