April 05, 2005
From the desk of Jane Galt:Must read
How the Fed puts its monetary policy into practice. If you're even vaguely interested in economics, you need to know this.
Posted by Jane Galt at April 5, 2005 03:07 AM | TrackBack | Technorati inbound linksComments
Thanks for the tip. I've never really understood how the Fed works and affects the economy. Of course I still don't, really, but I think I can at least now grasp the bigger picture.
Posted by: MichaelW on April 5, 2005 11:16 AMThis is old news. All you need to read is "...the degree of financial stimulus needed to steer the economy onto a desirable path..." to understand that these guys have no more clue than the birds in the bushes. The supply-siders are right. Bring back gold.
Posted by: Jack Wayne on April 5, 2005 12:22 PMWhat fascinates me is the dependence on Government Debt. What happens if the government does not issue securities?
Posted by: bosun3rd on April 7, 2005 02:49 PMComments are Closed.