tag:blogger.com,1999:blog-2761684730989137546.post2497013942826654724..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Do the authors come by their new legacy honestly?mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2761684730989137546.post-13780076949788512222012-05-11T23:18:28.631-04:002012-05-11T23:18:28.631-04:00Adam,
sounds like 'Johnson & Quack'.....Adam,<br /><br />sounds like 'Johnson & Quack'....Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-8924366476560207762012-05-11T19:40:51.038-04:002012-05-11T19:40:51.038-04:00"Carefully researched..."
Then maybe Jo..."Carefully researched..."<br /><br />Then maybe Johnson and Kwak can explain how it is operationally possible for the government to "borrow" money while the Central Bank has and defends a target interest rate. Answer, they can't because the Central Bank must accommodate the issuance of bonds by ensuring there are sufficient EXCESS reserves available to fund the bond issuance!<br /><br />PhD - piled higher and deeper.Adam1noreply@blogger.com