Campbell argues that the right approach is to implement sound fiscal and monetary policies based on first principles without regard to whether they produce recessions or growth scares, with the only caveat being to avoid letting consequences get so severe they collapse government institutions.
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Speaker
Austin CampbellEvidence Quote
“I think the right thing to do is think from a first principles basis about what is good fiscal and monetary policy, period, full stop, and just do that, consequences be damned, with the caveat that there is, of course, some level of consequences that is too severe and people start, like, oh, I don't know, collapsing your government and things like that. Don't let it get that far. But the barometer should not be recession or no recession or growth scare or no growth scare.”
Source
The Secret To Maintaining Dollar Dominance | Joseph Wang & Austin Campbell LIVE @ DAS— Forward GuidanceCreated: 8/11/2026, 8:05:39 AM
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