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Alan Blinder: The Fed Plan to Revive High-Powered Money


Don't only drop the interest paid rate paid on banks' excess reserves, charge them. Unless you are part of the tiny portion of humanity that dotes on every utterance of the Federal Open Market Committee, you probably missed an important statement regarding the arcane world of "excess reserves" buried deep in the minutes of its Oct. 29-30

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Posted: December 10, 2013 Tuesday 06:34 PM