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The way it’s supposed to work is that the government sells bonds and the money goes away. Much like your original premise, it doesn’t much make sense that peopl
by forthefuture 4y ago
The way it’s supposed to work is that the government sells bonds and the money goes away. Much like your original premise, it doesn’t much make sense that people think modern monetary policy only thought up quantitative easing and not quantitative tightening.
Can’t speak to how it will end up working, but its definitely not a surprise.