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To: ahhaha who wrote (273)7/6/1999 2:27:00 AM
From: gpowell  Read Replies (1) | Respond to of 587
 
I thought that volker announced in 1979 that the fed would no longer target interest rates but instead would concentrate on money supply growth instead and let interest rates be determined by the market. This was supposedly a conscious decision to implement monetarism but abandoned in mid 82' (August 12 1982, from your post).

I appreciate your previous comments.


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