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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>Dan Kervick: Shamanistic Economics | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="MsZBOfo6LQ"&gt;&lt;a href="https://www.nakedcapitalism.com/2012/09/dan-kervick-shamanistic-economics.html"&gt;Dan Kervick: Shamanistic Economics&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2012/09/dan-kervick-shamanistic-economics.html/embed#?secret=MsZBOfo6LQ" width="600" height="338" title="&#x201C;Dan Kervick: Shamanistic Economics&#x201D; &#x2014; naked capitalism" data-secret="MsZBOfo6LQ" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>By Dan Kervick, who does research in decision theory and analytic metaphysics. Cross posted from New Economic Perspectives  The Fed did something on Wednesday: it announced a new program of open-ended quantitative easing, and it announced that it likely won&#x2019;t pull back on the new round of monthly asset purchases once the economy begins to recover more strongly, but will keep the purchases going for some indefinite period of time afterward.   This announcement has greatly pleased all of those people who have been calling for the Fed to do something....</description></oembed>

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