beyondoverton
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The 1940s original YCC: threadThe initial proposal to peg the US Treasury yield curve was first presented at the June 1941 FOMC meeting by Emanuel Goldenweiser, director of the Division
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It took GFC'08 for the idea of endogenous money to enter the mainstream. 12yrs later,after finally ‘everybody’ has become comfortable that the majority of our money is created by the
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