Re: comments on Kohn q and a

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Posted by Ed Rombach (198.80.153.5) on 12:24:03 11/30/07

In Reply to: comments on Kohn q and a posted by warren mosler

: COMMENTS ON Q AND A
: THE NY FED WOULD HAVE FULL CONTROL OVER THE FED FUNDS RATE AS IT COULD KEEP THE SYSTEM MODESTLY 'NET BORROWED' WITH OPEN MARKET OPERATIONS AS IT DID PRE 2003.

Warren - By net borrowed, do you mean maintaining a reserve deficit in the commercial banking sydtem?

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Re: comments on Kohn q and a - Warren Mosler 17:27:11 12/01/07 (0)

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Subject:	Re: comments on Kohn q and a
Comments:	: : COMMENTS ON Q AND A : : THE NY FED WOULD HAVE FULL CONTROL OVER THE FED FUNDS RATE AS IT COULD KEEP THE SYSTEM MODESTLY 'NET BORROWED' WITH OPEN MARKET OPERATIONS AS IT DID PRE 2003. : : Warren - By net borrowed, do you mean maintaining a reserve deficit in the commercial banking sydtem? :
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