Guns and Butter

Guns and Butter – October 30, 2013

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“The Bay Bridge Retrofit and the Federal Reserve” with Scott Paul and Tim Canova.  How not to finance public infrastructure: public-private partnerships; self-liquidating loans to fund infrastructure; analysis of the Federal Reserve System; QE1, QE2, QE3; Operation Twist; outcome of a private central bank; the Fed as a captured agency; nationalizing the Fed; Reconstruction Finance Corporation; alternative paradigm.