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Money is NOT Easy, and Never Was!
Update: I probably should have put “during the recession” in the title. Unfortunately it’s gone to press. Chevelle, at Models and Agents, explains why the previous round of “quantitative easing”...
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The Fed Rejects Level Targeting
Remarks from Ben Bernanke indicate that the Fed is shooting itself in the foot: “I have rejected any notion that we are going to try to raise inflation to a super-normal level in order to have effects...
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