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Finger of Blame Will Be Pointed At The Fed
Monday, January 25, 2016 6:41
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—>NewsThe Fed, created to provide liquidity during a crisis, was originally limited to the stimulus of the private sector through the purchase of short-term commercial paper (CP). This expanded the money supply and provided liquidity during the ill-liquidity of panics and crises. Since the private sector pays its debt or ceases to exist, the money supply contracted after the CP was retired….
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Source: http://edegrootinsights.blogspot.com/2016/01/finger-of-blame-will-be-pointed-at-fed.html
