Monday, December 22, 2008

Jim Hamilton is a godsend

Certain academic economist are really proving their worth to the greater financial community in this crisis, and high up on the list of contributors is Jim Hamilton of Econbrowser.  Follow the link to the clearest description I think I've ever seen of what the Fed normally does, what it's doing now, what it might do in the future, and why you should give a shit.

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