A collection of musings on the world, morality, econ, politics, God, life and whatever I find interesting at the time.
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Wednesday, September 22, 2010
FT.com / US / Economy & Fed - Fed hints it could buy more bonds
Doesn't this just reassure you to no end?
When the only tool you have is a hammer, every problem looks like a nail.
The fed can only use monetary policy (i.e., print money) to address the problems we have. They are going to do that till they destroy the treasury and credit markets.
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