Alan Blinder Quote about Excess Reserves Handout

Alan Blinder Quote about Excess Reserves Handout
Alan Blinder claims that about 1 trillion dollars in excess reserves would go to capital markets and loans if the fed were to stop paying interest on them and start charging a small percentage fee to banks holding excess reserves earlier version did not load

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Provenance
This is a direct quote and my elaboration of a small (one paragraph) op ed article by Alan S Blinder in the Wall Street Journal, July 22, 2012 http://online.wsj.com/article/SB10000872396390444873204577537212738938798.html
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