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the nominal interest rate that it lends at to close to 0,
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let's say to 1 percent on the 1 year bond to 0 on the 3 month
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thing.
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So the reason they're saying they're doing that is to
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stimulate investment.
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That's what they teach you in macro, Keynesian,
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stimulate investment.
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We're going to find out that that's not the reason they're
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doing it at all.
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The reason the Federal Reserve is cutting the interest rate to
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almost zero is to just give money away to the banks,
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and why it that?