Measuring Monetary Policy

Showing posts with label Interest Rates. Show all posts
Showing posts with label Interest Rates. Show all posts

Wednesday, August 10, 2011

Money Is Now As "Easy" As It Was During The Great Depression!



The Ten year is currently yielding 2.09%.

The only difference is in the Great Depression was caused by a collapse in the money supply while the current recession is the result of a massive increase in the demand for cash.  The results are the exact same (although much less severe this time).
Posted by Cameron Blank at 2:00 PM No comments:
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Labels: AD, Interest Rates, NGDP
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      • Yes, Monetary Policy is Important!
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