George Selgin is a senior fellow and director emeritus of the Center for Monetary and Financial Alternatives at the Cato Institute and is also a long-time returning guest of Macro Musings. In this bonus segment from the previous conversation, George rejoins the podcast to talk about the Fed's near-term plans to shrink its balance sheet, the impact of the standing repo facility on demand for reserves, the potential benefits of returning to a corridor operating system, and more. Check out Ideas of India: https://www.discoursemagazine.com/tag/ideas-of-india-podcast/ Subscribe to Ideas of India on your favorite podcast app. Transcript for the episode can be found here. George's Twitter: @GeorgeSelgin George's Cato Institute profile: https://www.cato.org/people/george-selgin Related Links: *Floored!* by George Selgin https://www.cato.org/working-paper/floored *The Menace of Fiscal QE* by George Selgin https://www.cato.org/books/menace-fiscal-qe *Churning at the Fed* by Milton Friedman https://miltonfriedman.hoover.org/internal/media/dispatcher/214260/full David's Twitter: @DavidBeckworth David's blog: http://macromarketmusings.blogspot.com/

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“What did the council decide on item 42?” — answered with the speaker and the moment.