Which is precisely why the Fed will have to continue to buy treasuries to keep interest rates low. We have painted ourselves into a corner.
‘zackly.
Think of the enormous power having access to trillions of freshly printed money gives to the Fed, the banks that own it, and their favorite political cronies who can continue to spend like there's no tomorrow.
The Us is quickly becoming a corrupt 'populist' oligarchy a la Argentina-- and soon, we'll even speak Spanish!