Tag Archives: lender of last resort
Once Upon a Time in Flagstaff
All these Treasury purchases by the Fed will serve to lower interest rates. But remember, to purchase this massive supply of Treasuries the Fed will use credit that’s created out of thin air via ledger notations. Continue reading
Posted in Inflation, MN Gordon
Tagged dollar, flagstaff, interest rates, jeremy siegel, lender of last resort, treasuries
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