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Economy

banned from Kos

(4,017 posts)

4. not sure what you mean. Our Fed is far more Keynesian/accomodative than the ECB.

Reply to dkf (Reply #2)

Mon Dec 19, 2011, 10:41 PM

Dec 2011

(.25% on the funds rate vs 1.5%). The ECB does not have an employment mandate is probably why. And I suspect that the PIGS are perceived as fiscal nightmares that easing won't help anyway.

Plus - the Fed buys Treasuries and US bonds. Would the ECB buy Greek or Italian bonds? Not likely. And buying German bonds is unnecessary. Central banks don't buy junk very often (Maiden Lane excepted)

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Highlight:

Krugman explains the Austrians. [View all] rgbecker Dec 2011 OP

Thanks. A great primer that should be required reading for any seduced by the anti-Fed goldbug banned from Kos Dec 2011 #1

Why doesnt this work for the ECB then? dkf Dec 2011 #2

not sure what you mean. Our Fed is far more Keynesian/accomodative than the ECB. banned from Kos Dec 2011 #4

Excellent read from Dr K Ruby the Liberal Dec 2011 #3