Macro Lit Review 2: Highlights from Late 2022 with George Selgin
Macro Musings with David Beckworth
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Is the Fed Really Trying to Make ACH Payments Faster?
David Frum: The Fed's net settlement systems are closed on weekends and holidays. He says people who wait days for a check to clear or other payments to settle should be credited within one day. Frum: People need to be aware that they're being sold a bill of good in real-time. "Having two networks like that, it's possible that there'll be a pair of white elephants"
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