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Having the Fed use QE to buy mortgage-backed securities aggregating $500,000 loans for $200,000 houses made to people making $20,000/year is the financial equiv
by pjmorris 11y ago
Having the Fed use QE to buy mortgage-backed securities aggregating $500,000 loans for $200,000 houses made to people making $20,000/year is the financial equivalent of paying someone to dig a hole and paying someone else to fill it in.