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The Money Illusion

Scott Sumner · 3 korrents · 1 piece · themoneyillusion.com

A few of my mistakes3 korrents · 3 turns · 6 Sept 2010 · no page here yet

Read it on themoneyillusion.com ↗

Aggressive quantitative easing should raise long-term interest rates, because effective monetary stimulus raises them.
A severe US banking crisis is very unlikely.
Monetary policy operates with long and variable lags, so attempts to fine-tune the economy make things worse.