But going forward, the campaign press—“fact-checkers” and otherwise—should pay close attention to this issue. Wonky or not, monetary policy is important stuff that affects millions of Americans, and it remains at the center of ongoing debates about how to fix the economy. Part of press’s job in covering the presidential campaign will be reporting where the candidates stand in those debates, and why those stands matter—and that task starts with making sure the candidates are playing straight with the facts.

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Greg Marx is an adjunct lecturer at The Medill School and a facilitator with The OpEd Project. She served as an editorial board member, columnist, library director, and No. 2 in the features department of the Chicago Sun-Times.