60 – Matt Klein on Greece, Optimal Currency Areas, and Safe Assets
Macro Musings with David Beckworth
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The Importance of Opening Up the Fed's Balance Sheet
Matt Klein: I think the stuff we're saying about the reverse repo in terms of short-term money is definitely the term reason why. The issue is can government really do that provide quality financial intermediation services? It's a little uncertain in my mind, you know, what the optimal mix is. But- Why are you absolutely right? I mean, the government will be the last institution to go bankrupt.
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