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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>Richard Alford: Fed Policy &#x2013; Old Wine in New Bottles | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="5Gj1e2WFCu"&gt;&lt;a href="https://www.nakedcapitalism.com/2013/04/richard-alford-fed-policy-old-wine-in-new-bottles.html"&gt;Richard Alford: Fed Policy &#x2013; Old Wine in New Bottles&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2013/04/richard-alford-fed-policy-old-wine-in-new-bottles.html/embed#?secret=5Gj1e2WFCu" width="600" height="338" title="&#x201C;Richard Alford: Fed Policy &#x2013; Old Wine in New Bottles&#x201D; &#x2014; naked capitalism" data-secret="5Gj1e2WFCu" 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>Yves here. This is an important post, in that it describes how the Fed, despite the unconventional look of some of its measures, is using more extreme variants of traditional policy approaches, and why that is not such a hot idea.</description><thumbnail_url>http://www.nakedcapitalism.com/wp-content/uploads/2013/04/Fed1.png</thumbnail_url></oembed>

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