Thanks to Jeff Tucker for calling my attention to this passage from Chairman Bernanke’s recent speech: Another concern associated with additional securities purchases is that substantial further expansion of the balance sheet could reduce public confidence in the Fed’s ability to execute a smooth exit from its accommodative policies at the appropriate time. Even...
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News item: “California to Sell 24 Government Buildings for $2.3 Billion” (AP, October 12, 2010). As a way of helping plug the State of California’s now-chronic budget deficit, this headline is welcome news. Among the state-owned properties on the auction block are LA’s Ronald Reagan State Building and San Francisco’s Civic Center. I have...
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