Fed monetization – not what it buys, but how much of anything it buys

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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. […]






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Sons of Frankenstein

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Source: About.com, Political Humor

 

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US currency redesign

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Source: About.com, Political Humor

 

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