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Jeff Snider Jeff Snider

The Federal Reserve Part 3: Disaster

The Federal Reserve called its policy “monetary ease.” Meanwhile, banks failed, deposits vanished, and America’s money supply collapsed. Why did the Fed mistake historic contraction for aggressive accommodation? The recognizable parallels to 2008 are uncanny.

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Jeff Snider Jeff Snider

Conundrum #5: Who's the Real Star?

In the previous episodes, we looked at what interest rates are not, and that’s what is written in every Economics textbook. But does the textbook really say? How are interest rates supposed to work? To find that answer, and uncover some more hidden truth, we must turn to the unobservable start of interest rate policy.

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