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Explaining Macroeconomics, The Fed, Interest Rates and Valuations (with Matt McBrady)
ACQ2 by Acquired
The Key to Growth Is Getting the Real Interest Rate Down
The key to getting the economy to grow is getting the interest rate down, says Ben Bernanke. The neutral rate of interest keeps the economy humming at just the right level so that its resources are fully occupied. If he could have reduced the nominal interest rate, if it wasn't already zero, who would he have been telling to do something different?
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