The Fed could buy high yielding corporates. They could buy GNMAs. They could buy CDOs. They could buy real estate. They can buy anything, not just Treasury securities. What will they buy them with, TP? More thin-air money, to saddle our children with more debt?
The writing is on the wall, for those who can read.
"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."
-~~Ludwig Von Mises
What will they buy them with, TP? More thin-air money,Yes. That's what the Fed does, they create money out of thin air and buy stuff with it. You're just figuring that out now? LOL!
to saddle our children with more debt?
How does a Federal Reserve purchase saddle our children with debt? Walk through the steps for everyone. Thanks.