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Monday, July 04, 2011

Greenspan Says Fed’s Monetary Policy Didn’t Work

The former chairman of the Federal Reserve testifies that QE1 and QE2 did little more than debase the dollar, which temporarily boosted U.S. exports.

That’s hardly a surprise.  Keynesian economic mythology has never lived up to its pretensions.

Posted by Thomas E. Brewton on 07/04 at 12:52 AM
Economics • (0) Comments
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