How did we get the toothpaste back in the tube?
This beautiful metaphor of the Federal Finance Minister Peer Steinbrueck symbolized in a wonderful way the fundamental problem of monetary policy, purely based on monetary targeting:
"With all the money in recent months has been pumped into the markets will deal especially the question of how to get the toothpaste back in the tube? Manages the central bank, the liquidity, to remove from the market? "
Peer Steinbrück in August 2009 edition of Manager Magazin
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