Monetary Policy Limitations Ignored by Top Economists: Tamny

John Tamny criticizes economists Kevin Warsh and Christopher Waller for having different yet equally flawed views on monetary policy.

Tamny argues that neither Warsh nor Waller will be correct until they acknowledge the limitations of government intervention in the economy. He points out that their proposed solutions rely on the ability to fix problems caused by government action, which he believes is impossible.

Tamny references Alan Greenspan's statement that 'monetary policy cannot do it all,' suggesting that even respected experts like Greenspan recognize the limits of central banking.