"The problem with socialism is you eventually run out of other people's money" - Margaret Thatcher
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design" - F.A. Hayek
Friday, February 20, 2009
A very informative but technical explanation of the market for bank liquidity.
From the Fed of San Franciso. If you ever have the chance to go to San Francisco, take it. It is a wonderful city...and the gateway to California's wine country.
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