To: rbg81
I remember MANY FReepers telling me that the Fed wasn’t and couldn’t do this. All through WWII and afterward the Fed bought government debt to keep interest rates artificially low.
70 posted on
08/10/2010 12:44:29 PM PDT by
Moonman62
(Politicians exist to break windows so they may spend other people's money to fix them.)
To: Moonman62
Wow. But, didn’t they do it by selling bonds (as much as they could)?
91 posted on
08/10/2010 2:47:09 PM PDT by
rlmorel
(We are traveling "The Road to Serfdom".)
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