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Note that the Federal Reserve is buying $85 Billion each MONTH as a way to prop up the banks/financial system.
by patrickg_zill 13y ago
Note that the Federal Reserve is buying $85 Billion each MONTH as a way to prop up the banks/financial system.
- eli_gottlieb 13y agoWhich is bloody-stupid, since they could just be sending that money to citizens in a helicopter drop to help them pay for loans, rent, and pizza -- all of which stimulate the economy more directly than bank bailouts have proven to.