The Fed’s long shot

posted by
September 28, 2011
Ludwig von Mises Institute
by Robert P. Murphy  
Posted in Commentary

"Last week the Fed announced 'Operation Twist,' in which the central bank will buy $400 billion of longer-dated Treasury securities while selling the same amount of shorter-dated Treasuries. This episode epitomizes everything that is wrong with the modern, statist view of money." (09/28/11)  

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