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Archive for September 22nd, 2011

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Obama’s Latest Gimmick: “Operation Twist”

Thursday September 22nd, 2011   •   Posted by Stephanie Freedman at 11:47am PDT   •   1 Comment

The Federal Reserve announced the arrival of “Operation Twist”. The policy is just as shady as it sounds. What is “Operation Twist” you ask? NPR explains: The Fed has at its disposal one key tool: interest rates. So when Fed officials are worried about unemployment, they try to drive down interest rates, in an…
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