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Editor's Pick

Tightwads at the Fed

Mark talks about the Fed’s Reverse Repo Operations, which explain the conundrum of the Fed’s “tight” monetary policy and new record highs in the stock market. It turns out that the Fed is not a bunch of “tightwads” after all, but has served up a nearly $2 trillion monetary injection since the bond market cratered last year.

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Get your free copy of Dr. Guido Hülsmann’s How Inflation Destroys Civilization at Mises.org/IssuesFree.

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