Paul McCulley on Fed policy and “liquidity trap”

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A long-haired and bearded Paul McCulley, former PIMCO portfolio manager and now managing director of the Global Interdependence Center, discusses coordination between U.S. monetary and fiscal policy. He says we need to accept that we are in a “liquidity trap” that requires “a whole different set of economic policies”. […]

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Laugh out loud: A tale about haircuts and politicians

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A short story illustrating the fundamental difference between the citizens of our country and the politicians who run it. […]

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