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.

categories: Understanding The Crisis

12:29 - December 31, 2008

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