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"This is unique, and the Fed has never done something like this before. If you go all the way back to 1921, when farms were failing and Congress was leaning on the Fed to bail them out, the Fed always said, ‘It’s not our business.’"

ALLAN MELTZER, a professor of economics at Carnegie-Mellon, on the expanding role of the Federal Reserve.

~ nytimes.com

The Man with the Plan

Luke Warm