Ep. 252 Bob’s Reaction to the Bernanke/Diamond-Dybvig Nobel Award
Bob Murphy Show
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Is That What Helicopter Drop Means in Economics?
"I don't think they ever paid like one rate on access reserves and a different rate of required reserves," he says. "They had the statutory authority to do it, but they hadn't pulled the trigger yet." The Fed began paying banks to not make loans to their customers in October 2008. 'The optimal policy was, well, gee, we're just going to go consult our regression results'
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