Comment on Emperor Ben Bernanke Has No Clothes

Emperor Ben Bernanke Has No Clothes

This article originally appeared in the July 16. 2012 issue of Forbes magazine. The Federal Reserve's announcement last month that it would continue Operation Twist???selling short-term Treasury securities and using the money to buy longer-term bonds???vividly demonstrates the intellectual bankruptcy of . The idea behind Operation Twist was that it would lower the rates of ...

 

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