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Yes Brad, the Fed's Low Interest Rate Policy Was a Mistake

Lawrance G. Lux found this 6/30/2009 on macromarketmusings.blogspot.com

Brad Delong is wondering whether the Federal Reserves' low interest rate policy in the early-to-mid 2000s was truly a mistake:There is, however, active debate over whether there was a fourth mistake: whether Alan Greenspan's decision in 2001-2004 to push and keep nominal interest rates on ...