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George Selgin says central banks should target a stable path for total spending, not the price level. He argues policy should respond only to aggregate demand s

BWB News TV • 2026-07-30 18:11 UTC • By Billy Odell Tucker-Robinson
George Selgin says central banks should target a stable path for total spending, not the price level. He argues policy should respond only to aggregate demand s
George Selgin says central banks should target a stable path for total spending, not the price level. He argues policy should respond only to aggregate demand shocks, shifting focus from inflation to overall spending.
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