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Alan Reynolds: Fed Can Print Money, But It Can't Print Jobs
We have all been watching a long mystery with no ending: What the Federal Reserve governors are trying to do, how they intend to do it and why they imagine their efforts will work.
The key questions boil down to two: (1) What target should the Fed aim at, and (2) what policy instruments should it use to hit that target?
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Posted: April 16, 2014 Wednesday 06:47 PM