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I saw this on an anti-Ron Paul site today. Some marxist said if America goes back to the gold standard it would either have to buy up all the gold on earth or it would have to find a way to take money out of circulation in order for the amount of money to equal the amount of gold. Is this true?
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The Federal Reserve asked bond dealers and investors for projections of central bank asset purchases over the next six months, along with the likely effect on yields, as it seeks to gauge the possible impact of new efforts to spur growth. The New York Fed survey, obtained by Bloomberg News, asks about...
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Obviously, both are just degrees of terrible, but unless I'm completely off track, QE Lite actually seems worse than the original. Here is my understanding of the Fed's recent announcement. The Fed is taking principal payments received from MBS and agency debt to purchase USTs. That part seems...
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We've had the Fed for almost 100 years by now. Assuming that pumping money into the economy is the same as pumping smack into someone's veins how do we kick the habit without getting the shakes and seeing dead babies crawl up along the ceiling? The short term pain might be accepted by the folks...
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I am a student at Montana State University and was forwarded this email from a professor of economics here on campus. To any layman, the explanations appear sound. I think it would be great if we could piece together a rebuttal. ______, I wanted to help summarize some of our discussion so that you can...