- A new paper co-authored by former Fed Governor Stephen Miran and Nouriel Roubini advocates for the Federal Reserve to re-emphasize money supply data (monetarism) in its policy decisions.
- The authors argue that focusing on monetary aggregates like M2 could have helped avoid the recent inflation surge, and that current policy is neutrally aligned.
- This shift in focus could significantly impact stablecoins, as they represent a growing pool of dollar-like instruments that influence the broader money supply and increase demand for U.S. Treasuries.
Topics: Public debt, Institutional adoption, Blockchain usage, Tokenized us treasuries, Asset manager initiatives, Stablecoins digital cash
Tags: #stephenmiran #monetarism #federalreserve #moneysupply #inflation #stablecoins #ustreasuries #m2 #pstarmodels #kevinwarsh
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