Tuesday, November 08, 2022

Today’s Posers

By buying up our exploding government debt, … caused by Biden’s two-year fire-hose spending spree … the Federal Reserve more than doubled its balance sheet … from $4 trillion to over $9 trillion … causing our current inflation problem … which it is now trying to cure by raising interest rates (likely bringing on a humdinger of a recession.)

Wouldn’t it have been better for the Fed to allow the financial markets to buy this debt which would have pushed up interest rates on their own … and possibly averted inflation?

Or is it that it secretly wanted to cause inflation in order to monetize (dilute) our huge $31 trillion federal debt?

Just asking …


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