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The Federal reserve has been purchasing (among other things) mortgage backed securities to about $40 billion per month since July 2020 [0]. That would be $160.
by yobbo 5y ago
The Federal reserve has been purchasing (among other things) mortgage backed securities to about $40 billion per month since July 2020 [0].
That would be $160.000 USD per nurse in the USA in one year. Total asset purchases count in tens of thousands per US citizen, and this is plainly visible in asset prices. If it was a priority, subsidizing nurses and "front-line workers" would be a non-issue.
(The "housing market" is more a plan economy and "hope to god the wealth effect/trickle down finally works this time".)
[0] Google.