The Dumpsterfire Economy

[nailer]

Originally Posted by whell

They've been doing that FOR YEARS now - that what "quantitative easing" was all about" - and that's what has held down interest rates and was one of the primary drivers of the stock run up under Obama. The US Treasury sold trillions of dollars of bonds each year to paper over the US government deficit. The Federal Reserve printed trillions in extra money to buy these government bonds...

The Fed, not Treasury, sells Treasury notes to fund the deficit. The deficit is there for all to see if they but care to look. It's not being hidden/concealed as you just falsely claimed. In addition, Treasury notes are not bought with cash. I just called the Fed's Dallas branch bank and confirmed this. I thought business majors were required to take Economics 101. Shit, I was an EE major and took it for fun.