The Menace of Fiscal QE

"While monetary and fiscal policy can be coordinated and conscious of one another, conflating the two would be perilous--for our economy and our democracy. In The Menace of Fiscal QE, George Selgin explains why. You should read and heed his warning."

— Peter R. Fisher, former undersecretary of the U.S. Treasury

"A fascinating critical overview of an idea that is gaining traction left, right, and center."

— Peter Conti-Brown, author of The Power and Independence of the Federal Reserve (2016)

"George Selgin's wide-ranging and deep analysis and proposals deserve wide attention and debate."

— Sir Paul Tucker, former deputy governor of the Bank of England and author of Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State (2018)

"A must-read for anyone making or analyzing monetary policy."

— Darrell Duffie, Stanford University Graduate School of Business