It's about time. Shows how peculiar it is to define a liquidity trap in terms of short-term rates. The fact that the Fed usually buys short-term bonds is a minor issue as far as monetary theory is concerned, like the fact that the Fed usually prints $1 bills but not $2 bills.
just wondering, what look like a $2 bills is .. even peculiar of course
Ah, now I can see what you mean ..
Alex wrote:
It’s about time.
Alex, since you now think the Fed is finally doing the right thing, how long before unemployment falls below 7%?
how long before unemployment falls below 7%?
Quantitative easing will create or save about 4 million jobs. I dare anyone to prove otherwise.
I’m told that the only place you’re likely to see $2 bills is a strip club.
Never having been to the USA, I’ve never seen any USD bill.
Two dollar bills are distributed at Monticello, near Charlottesville, VA, where they provide them as change for your admission to the presidential home of Mr. Jefferson. It’s a lovely place to visit and the $2 makes a nice souvenir. Of course, you could spend it, as it is legal tender.
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