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Wednesday, July 20, 2011

Federal Reserve Bank Magic

I ran across an old article explaining how the Federal Reserve Bank creates money and some of the games it started playing back in 2008 to combat the deflationary collapse in progress at the time.

The article is written by James. T. Hamilton, an economist who writes for the blog Econbrowser. The article is named "Federal Reserve Balance Sheet", written in December of 2008. A very good read, I highly recommend it.

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