Re: Re: PEN-AL snap quiz

[Brad De Long]

>Timework Web wrote:
>
>>1. The Federal Reserve Board Open Market Committee has been disolved and
>>replaced by a junta of Pen-l subscribers (Alan Greenspan has been
>>retained as chair, though). On tuesday the FOMC will meet to set the fed
>>funds rate. What would you do and why? The choices are:
>>
>>a) no change in the rate
>>b) .25 point increase
>>c) .5 point increase
>
>2 point increase. Kill the bull market now!
>
>Doug

They tried that in 1928-1929...