The Undollar Digest

Yet Another Operation Twist

Frank Shostak 07/09/2012 www.mises.org

“By now it should be realized that the artificial lowering of interest rates can only divert real funding from wealth-generating activities toward nonproductive activities, thereby diminishing the ability of wealth generators to grow the economy.”
The US central bank announced recently that it will expand its “Operation Twist” program to extend the maturities of assets [...]


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