Robert Hetzel undoubtebly is one of the most important monetary thinkers of our time and for more than five decades he has been involved in US monetary policy making and has furthermore greatly contributed to monetary theory and monetary history.
And he is one of my absolut biggest idols in the world of monetary thinking and I am proud to call Bob my friend.
Luckily Bob and I rarely disagree, but I continue to learn from Bob and anybody interested in monetary matters should read Bob’s papers.
Bob now has a new paper out – published by the Mercatus Center where he now is Senior Affiliated Scholar.
Abstract:
In response to the COVID-19 pandemic, which unfurled starting in March 2020 and raised unemployment dramatically, the Federal Open Market Committee (FOMC) adopted a highly expansionary monetary policy. The policy restored the activist policy of aggregate demand management that had characterized the…
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Utopia, you are standing in it! 
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