Should the Federal Reserve emulate Canada in respect to the central bank's operating system?
Marc Lavoie is a professor of economics at the University of Ottawa and the author of a recent article on the Bank of Canada's operating system. Marc is also the coauthor of a popular textbook titled, Monetary Economics: An integrated Approach to Credit, Money, Income, Production, and Wealth. He joins the show today to talk about these works and more. David and Marc also discuss differences between post-Keynesian and mainstream macroeconomics, the history and defining characteristics of Canada's corridor operating system,