Lev Menand on *The Fed Unbound: Central Banking in a Time of Crisis*
Macro Musings with David Beckworth
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What Did the Fed Do and Why?
The story of march and april is largely, although maybe not entirely, about runs. So what did the fet do and why? Why would i say it is in some sense unbound the fed.? The people that hold them are interested in their money nature,. Their exchange ability at any time for actual government cash.
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