On Wed, 29 Mar 2000, Rakesh Bhandari wrote:
> Below the economist Wallis refers to the abandonment of the Federal
> Reserve Bank's policy of accomodating federal debt issues in the late
> 1970s. Would someone kindly tell me what that policy was and how it
> worked? Is this a reference to the monetization of the FED GOVT's DEBT
> and how does that work? The rudiments are fine or any
> reading recommendation would be appreciated.