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Paul Krugman - A snarky but accurate description of...
A snarky but accurate description of monetary policy over the past five years is that the Federal Reserve successfully replaced the technology bubble with a housing bubble. (Paul Krugman)

A snarky but accurate description of monetary policy over the past five years is that the Federal Reserve successfully replaced the technology bubble with a housing bubble.

Paul Krugman

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bubble description federal five housing past policy reserve technology years

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