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Vice Chair Quarles' Stigma Problem

George Selgin/February 13, 2020June 19, 2022

Considering all the new tools the Fed has toyed with since the onset of the last crisis, one might find Mr. Quarles' stance refreshing. George Selgin fears, however, that he has chosen the wrong occasion on which to put a kind word in for old-fashioned bureaucratic inertia.

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