Hvězdná brána – 10×10
Posted by admin on January 24th, 2009
Posted in Hvězdná brána 
Posted in Hvězdná brána 
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Plocha k pronájmu : Kontaktujte nás na : reruchaz@gmail.comRanky
Posted in Hvězdná brána
Plocha k pronájmu : Kontaktujte nás na : reruchaz@gmail.com
Lets suppose the Fed had maintained a 5%/year growth path in nominal GDP. The FFR would not have declined to 0.25% but rather more likely be around 3%. They are paying a few billion dollars/year in interest on excess reserves to prevent the money they created to buy MBS from multiplying through the banking system. Had they not crashed the economy, the amount they would be paying in IOR would be more than 10 times greater than what they are paying now. At this level, the Fed would probably be running in the red. The Fed had an incentive to crash the economy.
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