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Monetary Policy Reforms for Main Street

Monetary Policy Reforms for Main Street
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Federal Reserve Performance: Have Business Cycles Really Been Tamed?

Central banks … will do wisely to lay aside their inexpert ventures in half-baked monetary theory, meretricious statistical measures of trade and hasty grinding of the axes of speculative interests with their suggestion that by so doing they are achieving some sort of vague “stabilization” that will, in the long run, be for the greater good. ....

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