Gold: The Once and Future Money
Publisher Wiley Business Finance has released a new book, Gold: The On
Publisher Wiley Business Finance has released a new book, Gold: The On
Temporarily, just organizations and individuals that owe truckloads of debt, namely the US government (although, the debt still exists).
Given the wide variety of assets it can accept (in particular, non-AAA MBS), the Fed also has the potential to get itself into plenty of trouble, the sort of trouble that might require it to seek an even larger expansion of its powers.
In his new NBER working paper Martin Feldstein writes that “Reducing the large current account deficit will require both a higher rate of nat