4 ms·
There isn't an opportunity cost. It's not the feds job to perform "socially productive forms of spending", it's the elected governments job to do that. The feds
by dageshi 6y ago
There isn't an opportunity cost. It's not the feds job to perform "socially productive forms of spending", it's the elected governments job to do that. The feds job is financial stability and low inflation.
- occamrazor 6y agoAnd low unemployment, which, I guess, is the main reason for this bond buying program.