5 ms·

Another $75B injection planned for tomorrow: https://www.ft.com/content/2c11a972-d941-11e9-8f9b-77216ebe1f17 https://www.ft.com/content/2c11a972-d941-11e9-8f9b-

• ilaksh 7y ago
  I guess this is a dumb question but can they just keep "injecting" indefinitely? Do they have a magical Money Tree or something?
  • dragonwriter 7y ago
    Look at a US dollar bill and what kind of note it is. Yeah, the Federal Reserve has a “magical money tree”: the whole reason they exist is to manage the money supply.
    • cowwithbeef 7y ago
      >the whole reason they exist is to manage the money supply. That's a lot like saying the whole reason google exists is to help people find information. There are greedier reasons for these organizations to exist.
      • dragonwriter 7y ago
        > That's a lot like saying the whole reason google exists is to help people find information. No it's not. > There are greedier reasons for these organizations to exist. Any “greedier reason” for the Fed is a particular application of managing the money supply; it to exists to manage the money supply, independently of whether it exists to do that for the public interest or “greedier reasons”.
  • rhizome 7y ago
    That's why they call it the free market.