Ted Cruz's Fed Plan Is a Massive Distraction
Suggesting that the central bank stop paying banks interest won't fix anything and will invite new problems.
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You can count on Senate Republicans to find pointless budgetary gimmicks to avoid talking about serious deficit reduction. In an interview last week with CNBC, Senator Ted Cruz floated the idea that the Federal Reserve should just stop paying interest to banks to save taxpayers money. Budget squeeze solved, easy peasy!
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