December 31, 2008
From Baseline Scenario, home of Simon Johnson and James Kwak, comes a tutorial on the Federal Reserve and interest rates. Johnson, you might remember, walked us through the mechanics for a podcast this month.
This latest tutorial, part of the site's Financial Crisis for Beginners series, is so worth your time.
Bonus: Paul Krugman argues that mortgage rates are still too high.
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The bankruptcy of a small U.S. pension fund could have implications for other struggling funds.
A behind-the-scenes tour of the factory where paper for U.S. currency has been made since 1879.
"It's an un-obvious chunk of meat that has been sitting there..."
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