I know how it works. The problem is that when the Fed buys Treasuries, it is highly inflationary compared to when legitimate buyers like foreign nations purchase them. In short, the taxpayer/citizen gets the shaft through “the hidden tax of inflation.”
Well, maybe you don't.
Some citizens make out just fine under inflation. These people are usually called debtors. But even someone who just has real assets (as opposed to cash assets) benefits because the government is effectively repudiating the debt by inflating the currency which lessens the debt burden on the citizens.
ML/NJ
Or they try to suck out the inflation (treasury debt.) by “Steal Care.”....you know cause it’s all about “health.”