The Fed’s Argument That It’s Not Directly Financing Government Debt Finally Fails – David Haggith (06/02/2021)
The most interesting thing about what the Fed is now doing is that it is illegal. The Fed’s argument that it is not monetizing the US debt fails now on its own terms. The Fed is buying treasuries for no purpose other than to directly finance the government’s escalating debt. Here’s the deal: The drastic moves…
Source: https://wallstreetwindow.com/2021/06/the-feds-argument-that-its-not-directly-financing-government-debt-finally-fails/
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