When the Fed buys Treasury bonds with money it doesn’t have, isn’t that the same as taking out a loan on a loan?
Wall Street is cheering right now. Maybe they understand in some perverted way. I don’t.
This entry was posted on Wednesday, March 18th, 2009 at 4:23 pm and is filed under Economy. You can follow any responses to this entry through the RSS 2.0 feed.
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