Doug Henwood wrote: > Bernanke & Co. just announced they'll keep the fed funds rate at > "exceptionally low levels...at least through mid-2013." Bernanke is about the > only major economic policymaker in the world in favor of stimulus these days.<
maybe because he studied the Great Depression? I expect the inflation hawks to call for his ouster. by the way, how effective is monetary policy when nominal interest rates are as low as they can go? -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
