> By locking highly valuable collateral (treasuries) on the Fed balance sheet, the financial system is deprived of the stuff that keeps it going. Treasuries ar

> By locking highly valuable collateral (treasuries) on the Fed balance sheet, the financial system is deprived of the stuff that keeps it going. Treasuries are locked away, while the cash is made up from nothing and handed over to the government to continue spending. More government spending means more money sloshing around the economy, driving prices up. > If you try to find documentary evidence for the notion of the Fed money printer spinning new dollars into existence, you will find none. The stock market is awfully correlated to the Fed balance sheet. https://www.currentmarketvaluation.com/posts/2021/07/Fed-Balance-Sheet-vs-SP500.php https://www.currentmarketvaluation.com/posts/2021/07/Fed-Bal...