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In WaPo. According to this explanation, the "savings glut" was due to loose monetary policies that caused trade deficits and flooded China with additional reserves of newly printed money. This, in turn, fueled the bubble which caused the recent economic crisis.
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Here's a story I just wrote to help explain what the Fed's doing to wreck our economy. Please let me know if it helps. Normal 0 false false false MicrosoftInternetExplorer4 The Three Little Pigs and the Federal Reserve Crisis In their later years, they bought a yacht and sailed the seven seas...
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As apart of an independent study course that I will be doing in the spring semester, I will be doing a debate on the legacy of Greenspan's career at the Fed. The format of the debate is that there will be two teams, one arguing for a positive intepretation of it and the other vice versa, each team...