Lester G. Telser (2007) "The Fed's Real Job," The Economists' Voice, Vol. 4 : Iss. 4, Article 4. Available at: http://www.bepress.com/ev/vol4/iss4/art4
This interesting article makes the case that reserve ratios do not matter. It supports Bernanke [the academic, pre-fed] idea of monetary policy rather than Friedman's -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com
