okay.....when you say “monetized”.......could you explain it for we country bumpkins out here.......do you mean “inflate” the hell our of the dollar??
It means the gov’t will print the money, or make some sort of credit to the depository institutions. The fear of most is that this will lead to inflation. It will, but IMHO, the only way to begin to climb out of this mess. Remember, most debt is not indexed to inflation. If you $100,000 on your house, that stays the same. It may be that $100,000 is the new average yearly salary post inflation, so your house can get paid off, or becomes a much smaller percentage of your monthly income. This is the only reasonable way i see to have a quick recovery, and to reduce the deficit.
parsy, who is awaiting his gov’t check, shortly.