Tag Bernanke

Bernanke Has This Idea Dead Wrong

Some things in life are quite simple.  Like the childhood analogy that illustrates deductive reasoning, “if it walks like a duck and quacks like a duck, it must be a duck.”  Money market mutual funds have guaranteed the value of deposits, paid interest, and allowed withdrawals through checks.  Acting like deposit accounts at banks, but avoiding the regulation, and insurance used to stabilize runs on banks.  A great deal if your the manager.   But what acts like a bank should be a bank. Read more

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