ANTAL FEKETE
Two short papers explain why neither Japan's BOJ nor the US Fed has succeeded in reversing a slide into deflation. Several decades ago
I read a Fekete paper showing how the FDR era Treasury extended deflation into the 1940's by flooding the market with notes and bonds. Now the Japanese and the US are repeating this error.
http://professorfekete.com/articles/AEFFrontRunningTheFedInTheTreasuryMarket.pdf
http://professorfekete.com/articles/AEFPrematureObituaries.pdf
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