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Thursday, March 19, 2009

Neat little presentation re: what the Fed annnounced on Wednesday.

From Greg Mankiw's Blog. The answer to the last qustion posed by the narrator is Ben Bernanke, that's who.

1 comment:

Anonymous said...

Aren't banks just going to continue to hoard this increase in the monetary base because of the interest that is now paid on reserves? What are your thoughts on the idea to start charging penalty rates on excess reserves?