terça-feira, 18 de novembro de 2008


Robert Lucas fala sobre a crise:

Robert E. Lucas, 71: In a financial crisis things happen fast, and the housing boom and the subprime mortgages are already ancient history.

The responsibility of the Federal Reserve in this situation is to provide more cash reserves, and in that sense they are doing their job. Total reserves were $47 billion on Sept. 10, $180 billion on Oct. 8 and $329 billion on Oct. 22. This is good central banking...

(Texto completo AQUI.)

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