Is MMT Real? #4: J.W. Mason
RABBITHOLE
00:00
The Fed Doesn't Work for You
This is not how I normally think about the Fed's role the unacknowledged legislators of the world no it's true. The other side of this thing which you can see really clearly more recently was in 2012 during the sort of worst moment of the European financial crisis where bond yields were shooting through the roof and then they just went straight back down like a rock. You know when it comes to bond prices when it comes to financial some this these sorts of developments are very interesting.
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