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IPFS News Link • Federal Reserve

No, the Fed Did Not Stabilize the Economy

09-09-2009 • CATO

Whether we’re talking about fiscal or monetary fine-tuning, all the technocrats efforts at taming the business cycle in the past 40 years appear no more successful than the pre-Fed policies of doing without a central bank and doing without deferred tax increases (debt-financed “fiscal stimulus” plans).

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