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A Few Thoughts on Tapering and the Real Economy

That's what I have today at the LSE blog on US Politics and Policy.  A snippet:  "The Federal Reserve’s recent decision to begin to taper off its quantitative easing (QE) program is long overdue. QE was a mistake from thebeginning and the risks it created will outlast the continuation of the program as its effects cannot be as easily unwound. Ending QE will also allow us to focus on the real problems causing the slow recovery, which have little to do with the need for more expansionary monetary policy."

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