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On Opaque Transparency

By David Merkel on Thu, 2012-01-26 02:45
(via alephblog.com)

There are two things that I want to comment on Fed policy this evening: Transparency is overrated, and Bernanke does not understand savings. Transparency is Overrated Ever heard of the phrase “data overload?”  Greenspan would do that verbally in his testimony to Congress, providing them...

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