Wonder how many ordinary people know what “asset purchasing” means. For that matter, how many people know what “bond buying” means?
They mean borrowing of course and these activities should always be called ‘borrowing’ when the audience is ordinary people.
“Wonder how many ordinary people know what “asset purchasing” means.”
a couple of years ago on wrko in boston, there was an overnight radio show called the steve Lavelle broadcast.
the subject was price of gas. I called in and I said well its very much tied to qe and the dollars being pumped into the economy. the host didn’t even know there was such a thing as qe.
then when I told him it was the fed he went ballistic, so i’m assuming talk of the fed is verboten.
Technically it is borrowing, but actually it is just printing money and giving it to politicians to spend.