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I am not sure that is true in terms of monetary policy. When the Fed "creates" money, is it really that different then the government "creating" money by selli
by georgeecollins 7y ago
I am not sure that is true in terms of monetary policy. When the Fed "creates" money, is it really that different then the government "creating" money by selling bonds? That is, if you assume the government backs the Fed which most people do. Certainly the Fed creating money adds to the ratio of debt to GDP, and raises interest rates on government debt. But I am no expert so correct me.