3min chapter

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Macroeconomics 7: The Fed & Volcker's Socks

Planet Money Summer School

CHAPTER

Did You Ever Have Doubts in There?

Paul Volcker was using FedSpeak on you. He talked that way to reporters, too. Robert Krollwich, the reporter who you might know from Radio Lab back then, tried to explain the Fed with an opera. There aren't very many operas that deal exclusively with the subject of interest rates but this one I think is the most magnificent to vote.

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