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September 01, 2020 10:27am
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AS: Fed moves

[Skip to the end] I’ve been recommending the following for the Fed for quite a while (see Proposals for the Fed): Lower the discount rate the Fed Funds rate and: Accept a pledge of any bank legal collateral from any member bank. Impose no restriction on quantity borrowed. Impose no restriction on the duration of any member bank borrowing. Likewise, remove [...]
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