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Amir Sufi
Isn't the craziest thing about monetary policy the fact that central bank must exchange money for financial securities?
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park bench statesman 30 Apr 14
Replying to @profsufi
i think it's crazy that in order to make money, traders need to believe lies even though they know they're lies
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Benjamin Falk 30 Apr 14
Replying to @profsufi
That *is* monetary policy. Carrying costs (fin'l securities) versus liquidity, and the risk premium that each represents.
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Ivan the K™ 30 Apr 14
Replying to @profsufi
The "craziest" thing you refer to is politics. It led to the laws that bar certain US CB purchases, including newly-issued Tsys.
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Anwer Khan 1 May 14
Replying to @profsufi
. yes, crazy because trading should be based on information. Better ways to relieve shortage of information insensitive securities.
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