[palmer]

He sold it all at $10.84.

After he agreed to sell at $2.

Only if they create new money to fund it, not if they use cash from maturing bonds or cash from bond sales to fund it.

The purchase of these junk securities makes it more likely that they will need to create new money to fund something else. The purchase of the securities is debt monetization which is inflationary. Mises will be proven correct when the dollar is ultimately destroyed but no doubt you will find some way in which he will be technically incorrect.

[Toddsterpatriot]

After he agreed to sell at $2.

The officers agreed to sell the company at $2. The shareholders still haven't voted.

The purchase of these junk securities makes it more likely that they will need to create new money to fund something else.

Maybe.

The purchase of the securities is debt monetization which is inflationary.

Only if they use new money for the purchase.