Relevant and even prescient commentary on news, politics and the economy.

Sterilized intervention?

Paul Krugman at Economist’s View appears to be saying the TAF is a sterilized intervention by the Fed. He uses an analogy of twenty people (the financial markets) and one bad apple being saved in order to help the other 19. Our own save the rustbelt (missing now, sadly, due to work. So much for […]