Capitalism and Freedom
“The reality is that unconventional monetary policy is difficult, perceived as risky, and never pursued with the vigor of conventional monetary policy.” --Paul Krugman, NYT, March 17, 2010 "Reducing policy interest rates to the zero bound fails to stimulate credit supply and demand in a ‘balance sheet recession’ in which the private sector is deleveraging." --Adair Turner, 20 May, 2013
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Friday, October 2, 2020
Tuesday, March 6, 2018