Monthly Archives: March 2011

What *IS* QEII?

This Is How QE Really Works By Edward Harrison If you want an accurate explanation of quantitative easing, here it is. I am going to describe the basic mechanics and the transmission mechanism to the rest of the economy. To … Continue reading

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Why Monetary Stimulus Can’t Fix a Balance Sheet Recession…

… and Why Cutting the Deficit Will Make it Worse.   Economist Richard Koo explains why monetary easing by the Fed is innefectual and why deficit cutting by the Congress and individual States will make it worse. He expains why … Continue reading

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