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Re: Monetary Policy and the loss of Manufacturing Jobs
The part that you’re missing is the technical aspect of how the Federal Reserve creates money. This is understandable because critics often use the metaphor that the Fed is “printing’ money or “creating money out of thin air.” What actually happens is that the domestic trading desk at the New York Federal...
Posted to
Economics Questions
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by
DougM
on Mon, Jan 14 2008
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