There is NO post, where I said anything resembling anything like, “The Fed buys bonds every time they want to boost the money supply.” Nor, did I ever say “they get the money to do that out of the general tax fund,” AS YOU CLAIMED.
I NEVER spoke to the Fed buying bonds.
I NEVER stated that the Fed buys bonds to “boost the money supply.”
I NEVER stated from where the Fed “gets the money to boost the supply of money.”
I NEVER made any statement concerning “the general tax fund.”
And I NEVER stated that “the Fed gets the money to increase its supply of money from the general tax fund.”
You made each one of those statements up, and attributed them to me. You LIED.
Is the Bear Stearns deal paid for by taxpayers? Yes or no?
What’s the difference between saying the taxpayers are paying for the BSC deal and the taxpayers are paying for the FOMC operations? I’ll tell you the difference - nothing.