Wednesday, August 24, 2011

Bernanke Knows His Keynes

"Perhaps a complex offer by the central bank to buy and sell at stated prices gilt-edged bonds of all maturities, in place of the single bank rate for short-term bills, is the most important practical improvement which can be made in the technique of monetary management."

Keynes, John Maynard (2010-12-30). The General Theory of Employment, Interest and Money

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