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The Monetary Tsunami Is Coming
Frank Shostak
08/31/2011
mises.org
In his speech at Jackson Hole, Wyoming, on August 26, 2011, the Fed chairman disappointed most pundits. He did not promise another massive infusion of fake money, i.e., QE3. I suspect that a strengthening in bank lending is an important factor behind the Fed’s decision to postpone the pushing of more money into the economy.
The [...]
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