One that kills me (though it's different) is that after every Fed meeting, they report on the Fed funds rate even though almost no interbank lending happens at that rate. They don't report the rate paid on reserves which the Fed actually pays out on trillions.
One that kills me (though it's different) is that after every Fed meeting, they report on the Fed funds rate even though almost no interbank lending happens at that rate. They don't report the rate paid on reserves which the Fed actually pays out on trillions.
In the late 90s, I had a class at NYU taught by Domingo Cavallo while things were still going well for Argentina. He dismissed my suggestion of using the opportunity to float before the eventual crisis came along.
In the late 90s, I had a class at NYU taught by Domingo Cavallo while things were still going well for Argentina. He dismissed my suggestion of using the opportunity to float before the eventual crisis came along.