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The Economy
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06-19-2009, 01:25 PM
I know where I've seen that graph before. It's from Krugman's argument about why a fiscal stimulus is necessary, because monetary expansion no longer has traction. Banks are being given reserves, and they're just sitting on them, rather than using them to increase the amount of circulating currency.
-Jester |
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The Economy - by Jester - 06-24-2009, 09:53 AM
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