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To: economist-student

policy firming

Does that mean increasing the interest rate?

12 posted on 03/21/2006 1:35:23 PM PST by RightWhale (pas de lieu, Rhone que nous)

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To: RightWhale

They are raising interest rates, but at the same time they're printing money like there's no tomorrow. That's the famous "quantitative easing".

Five year M3 graph:

Chart: M3 Money Stock

14 posted on 03/21/2006 1:45:55 PM PST by economist-student

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