An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Thursday, July 26, 2012
Cardiff Garcia — IOER, negative rates, and Ben
Scott Fullwiler tweets: Best piece I've seen yet on why chaos could ensue with elimination of IOR or even negative rates on reserves
Not as much insight from DeLong and Mallaby:
ReplyDeletehttp://delong.typepad.com/sdj/2012/07/the-need-for-a-higher-rate-of-increase-in-prices-sebastian-mallaby-is-forty-months-late-department.html
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