I’ve been teaching economics for decades, and until 2008 I taught my students that the Federal Reserve Bank (Fed) engages in monetary policy through open market operations by buying and selling government securities. (They have other policy tools too.) They dealt in government securities partly because their operations would alter the money supply without...
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Whether it was a planned terrorist attack in response to the U.S. interventions in the region, an assault involving past U.S. allies in the Libya war, or a mob reaction to the hateful anti-Islam movie whose actors say they were duped into starring in it, the murder of four Americans, including diplomat Chris Stevens,...
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