Comments on monetary policy and 'Too Big to Fail' (with a tribute to Irving Kristol)
Remarks before Columbia University's School of International and Public Affairs, New York, N.Y., February 27, 2013 ; "The bottom line is that rather than achieve the intended theoretical effect, I believe the policy of super-abundant money at costs deviating substantially from normal equilibrium levels may ultimately prove to be counterproductive. Or it may restrain the benefits that theory might suggest."
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