In 1982 the Fed missed an opportunity; it still haunts us [Ep. 267, Eurodollar University]

Eurodollar University · Jul 25, 2022 · 26m

On May 20, 1982 the Fed held an emergency conference call for which transcripts are missing (on purpose? by accident?) to solve the "Drysdale Problem". They 'solved' it by focusing on the trees and ignoring the forest.

----EP. 267 REFERENCES----

Since When Does the Fed Funds Rate Have Anything To Do With Anything?: https://bit.ly/3ougulL

RealClear Markets Essays: https://bit.ly/38tL5a7

Epoch Times Columns: https://bit.ly/39ESkRf

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