Author Topic: Government Day-to-Day  (Read 13996 times)

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Offline wilber

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Re: Government Day-to-Day
« Reply #495 on: June 25, 2020, 06:52:06 pm »
Do you know how bond markets work?

Do you? Do you really think there are enough lenders out there to support the trillions of government borrowing that is going on?

The bank buys back government debt, To do so it has to produce the money to buy it. All it is doing is printing money and using government as the middle man to get it into the economy.
"Never trust a man without a single redeeming vice" WSC