NYT: Treasury bills program

[Skip to the end] >    >   On Thu, Sep 18, 2008 at 4:21 PM, Eric Tymoigne wrote: >    >   One former FOMC member at least gets it (From the NYT) (well, at least if you >   replace “can create money” by “can create reserve”): >    I’ve heard him before, and he definately doesn’t quite get it. See my comments below: September 18, 2008, 3:15 pm [...]