Wednesday, June 24, 2009
Economic View - It May Be Time for the Fed to Go Negative - News Analysis - NYTimes.com
Now here is a creative solution!Economic View - It May Be Time for the Fed to Go Negative - News Analysis - NYTimes.com: "Imagine that the Fed were to announce that, a year from today, it would pick a digit from zero to 9 out of a hat. All currency with a serial number ending in that digit would no longer be legal tender. Suddenly, the expected return to holding currency would become negative 10
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