By Prieur du Plessis, on March 28th, 2009 posted in: Economy, Guest Bloggers, Investment, Markets, Money 2 people had their say - chime in!

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“Last week the Fed announced that it would purchase $300 billion of longer-maturity Treasury securities. The mainstream media got all excited, talking about the Fed ‘printing money’. But the Fed figuratively ‘prints money’ or creates credit whenever it acquires assets – loans or investments,” says guest contributor Paul Kasriel. He explains in this post that Fed monetization is not concerned with what it buys, but how much of anything it buys. [...]