On Aug 9, 2011, at 3:08 PM, raghu wrote: > That says more about the other policymakers than it does about Bernanke.
Well, yeah. > Even Paul Krugman (who is normally very reluctant to criticize his > former senior colleague at Princeton) thinks Bernanke is not doing > anywhere near enough: > http://krugman.blogs.nytimes.com/2011/06/22/profiles-in-fed-cowardice/ What else can they do? They're going to keep interest rates close to 0 for two more years and they've bought $600 billion in Treasury paper over the last year or so. Would we be better off if they'd bought $850 billion? Doug _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
