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Daily Archive for January 9th, 2009

It’s Snowing in Rochester

Sea ice ends year at same level as 1979. Quick! Everyone start driving that Hummer …

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Bank Hoarding

I am preparing lecture notes for my Money and Banking class and wanted to track how the M1 Money Multiplier has changed over time. And I saw this: You will notice two things. First that the multiplier has fallen steadily since 1984 from nearly 3 to around 1.5. I’ll go into much more detail in […]

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