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Frank Merton

Janet Yellen and the Fed and Japanese policy

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I'm putting this here because in the end economics is more science than anything else and this article is about a few Nobel Prize winners among others.

The point is that what the Fed has been doing and the Japanese are beginning to do and Yellen will continue to do is the best possible course for these countries given their political problems.

http://www.bloomberg.com/news/2013-10-31/yalies-yellen-hamada-putting-tobin-s-twist-theory-to-work-in-qe.html

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