Judge Glock on the Riefler-Keynes Doctrine and Monetary Policy During the Great Depression

Judge Glock is an economic historian and a scholar at the Cicero Institute in San Francisco. Judge’s research is focused on the Great Depression, and he has recently published a paper on an important idea shaping Federal Reserve policy during this time; the Riefler-Keynes Doctrine.  He joins the show today to talk about this paper and the Great Depression.  David and Judge also discuss the key ideas behind the Riefler-Keynes Doctrine, how it differs from the Real Bills Doctrine, and how this relates to the Fed’s response to the Great Depression.   Transcript for the episode: https://www.mercatus.org/bridge/podcasts/09022019/judge-glock-riefler-keynes-doctrine-and-monetary-policy-during-great   Judge’s Twitter: @judgeglock Judge’s AIER profile: https://www.aier.org/staff/judge-glock   Related Links:   *The ‘Riefler-Keynes’ Doctrine and Federal Reserve Policy in the Great Depression* by Judge Glock https://read.dukeupress.edu/hope/article-abstract/51/2/297/137129/The-Riefler-Keynes-Doctrine-and-Federal-Reserve?redirectedFrom=fulltext   *Pressuring the Fed is No Surefire Electoral Solution, Says Economic Historian* by Frank Fuhrig https://www.mercatus.org/bridge/commentary/pressuring-fed-no-surefire-electoral-solution-says-economic-historian   David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth