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mlimberg on Can the interest rate payments on reserves mop up liquidity? There is only one policy that functions in Capi...
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Deflation: the Keynesian straw man
Here is a rough bullet point set of arguments for why deflation has a near zero probability of occuring in this country, despite the economic collapse.
More »Can the interest rate payments on reserves mop up liquidity?
In response to the following article:
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