Stone Garden Economics

My proposal is to hand the nation’s fiscal policy decisionmaking powers to a revamped CEA. Like Fed governors, CEA members should be appointed for nonrevokable and nonrenewable 14-year terms, and its chair should be its chief spokesperson on fiscal policy. Its powers would include to set an annual federal budget spending limit and to set the nation’s debt limit. . . . → Read More: An Independent Fed Needs to be Complemented by an Independent Council of Economic Advisers