> the willingness of the Federal reserve to print money (create debt). Without restraint nowadays > Quantitative easing is a monetary policy whereby a central

> the willingness of the Federal reserve to print money (create debt). Without restraint nowadays > Quantitative easing is a monetary policy whereby a central bank buys government bonds or other financial assets in order to inject money into the economy to expand economic activity You implied this would be wrong, but it looks exactly right. Nobody is confused about how this works, which is why you response is just puzzling. > (b) roll the debt forward by issuing new debt to pay the old debt. There's no question as to what happens here (a) vs (b) false choice. It's printed money that is accounted for as new debt, as per the original assertion.