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That’s the old world. Now the Fed buys unlimited amount of any securities it cares to. So it can manipulate all interest rates.
by bradleyjg 5y ago
That’s the old world. Now the Fed buys unlimited amount of any securities it cares to. So it can manipulate all interest rates.
- nostrademons 5y agoEventual outcome is the same though. Firms lose confidence in the currency and stop accepting it, and then its value falls to zero. You can say a dollar is worth whatever you want, but unless people believe you, it doesn't matter.