Tag Archives: lender of last resort

Once Upon a Time in Flagstaff

Posted on November 3, 2023 by MN Gordon

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 , , , , , | 4 Comments