Comment

Comment by yequalsx

From the FED:

" The term "printing money" often refers to a situation in which the central bank is effectively financing the deficit of the federal government on a permanent basis by issuing large amounts of currency. This situation does not exist in the United States."

http://www.federalreserve.gov/faqs/money_12853.htm

Perhaps they are lying about what is really going on but I think transparency is of primary importance for the functioning of the bond market and I'm assuming they aren't lying.

parent yequalsx 11 years ago

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