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.
|Other Independent Review articles by Alexander William Salter|
|Spring 2017||Constitutional Drift and Political Dysfunction: Underappreciated Maladies of the Political Commons|
|Winter 2016||Asteroid Mining 101: Wealth for the New Space Economy|
|Summer 2015||Constitutional Money: A Review of the Supreme Courts Monetary Decisions|
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