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Fed Watch: "The Fed in a Corner"

Calculated Risk... | Sat, 11/21/2009 - 10:02am |  3 comments

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From Tim Duy: The Fed in a Corner Over the years, I have warned a seemingly countless number of undergraduates that Fed's hold on monetary independence was tenuous at best. Independence is not guaranteed by the Constitution. Congress made the Fed, and Congress can unmake the Fed. The Fed could on
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