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The Fed doesn't buy back anything. It buys government and corporate bonds just like any other investor. It just does so with an arbitrarily-large pool of mone
by vonmoltke 6y ago
The Fed doesn't buy back anything. It buys government and corporate bonds just like any other investor. It just does so with an arbitrarily-large pool of money.
- rbanffy 6y agoAnd, as we all know, money is a consensual hallucination. As long as we all play along and pretend it's real, it's real.