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b"You'd think, from the way Congress appropriates, the United States has unlimited money, and those trillions and trillions in debt are just academic. But budgetary policy and monetary policy are two different things, and that's where the Federal Reserve comes in. For why the appointment of a new Fed governing board member is important, the Federal Drive with Tom Temin spoke to David Beckworth, a former Treasury economist, now with the Mercatus Center, at George Mason University.\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"