"If money isn't loosened up, this sucker could go down" - George W. Bush warned in September 2008

Tuesday, August 10, 2010

Really good links - Fed - QE

Tim Duy - Fed - "That said, despite Fedspeak that appears resistant to further easing, the press has been fueling speculation that more easing - albeit largely symbolic - is imminent. From where does this chatter emanate, other that unnamed sources? Perhaps from high ranking staff. Word on the street is that Fed staff are increasingly frustrated with the lack of action from leadership."

Tyler Cowen - Will QE work? - "I hold the default belief that such policies could prove effective today. There's also the broader point that QE can work by stimulating AD, without having to push around long rates very much."

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The Money Demand