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  • FOMC 'Announcement': Basically Meaningless [View article]
    Well I didn't make the title, personally...but it's meaningless in the sense that as long as the Fed pays interest on reserves, it has pretty much completely severed the excess cash balance transmission mechanism. So any level of the base will not translate into movements in the price level.
    Aug 17 09:34 PM | Likes Like |Link to Comment
  • Unemployment, Job Growth and the Stimulus [View instapost]
    Photos were stripped out. Will submit another later.
    Jul 19 04:36 AM | Likes Like |Link to Comment
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