I have to disagree. Bernanke believes the Depression was a monetary event. He won't allow even a sliver of a chance that illiquidity cause a major bank failure. He's going to keep cutting until banks are earning their way through the crisis through carry. Mark my words.
I have to disagree. Bernanke believes the Depression was a monetary event. He won't allow even a sliver of a chance that illiquidity cause a major bank failure. He's going to keep cutting until banks are earning their way through the crisis through carry. Mark my words.
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