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Sunday, August 16, 2009

Ben is learning....

"Back in 2002, before he became chairman of the Federal Reserve, Ben Bernanke claimed that if short-term interest rates fell to zero, a central bank still had the ultimate weapon: printing money by purchasing government bonds. Having now actually tried quantitative easing himself, Mr Bernanke is discovering its limits."

― Economist Magazine August 13, 2009

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