An unlikely hypothetical...

Posted by $ blarman 11 years, 1 month ago to Economics
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So the Federal Reserve is holding a crap-ton of US bond paper they have cobbled together through "quantitative easing". Thought: since what they are doing is printing money and devaluing the currency, I think it would only be fitting to declare every penny they are holding to be forfeit. Write it all off and refuse to redeem the bonds.

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  • Posted by CircuitGuy 11 years, 1 month ago
    Most tight-monetary-policy advocates say lately people keep raising their prices every month and not losing customers b/c of loose monetary policy. (Often the person making the argument is excepted from the price-raising deluge.) Anyway, if all this price-raising continues, that debt is disappearing on it own.

    The trouble is the price raising bonanza isn't real at all, and we'll have to pay back those debts with real money. They should stop running up debts right now.
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