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Sat 03 Mar 2009Money creation need not be a bogeyman
OPINION:Is America ‘printing money’ to get itself out of recession? Should we be worried?
THE RECENT decision of the US Federal Reserve – in effect, the US central bank – to buy $1.2 trillion of securities is a bold move, particularly for central bankers who, traditionally, are reluctant to create money because of potential inflationary consequences.
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