Can he get  a Mulligan?

On Wed, Jul 25, 2012 at 3:46 PM, Eugene Coyle <[email protected]> wrote:
> An economist who often embarasses Chicago published this today.
>
>
> "The Federal Reserve and especially its regional bank in New York are 
> actively engaged in buying and selling Treasury securities, and the Fed lends 
> money to banks on an overnight basis, at an interest rate called the federal 
> funds rate."
>
> Dr. Mulligan can be excused a slip now and then.  But when he dips into 
> errors more serious one wonders what the students call him.
>
> Gene
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-- 
Michael Perelman
Economics Department
California State University
Chico, CA
95929

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