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- As Dan Kurz of DK Analytics points out, the federal government would have a difficult time even paying the interest on the debt in a “normalized” interest rate environment. http://bit.ly/2imzvbt http://bit.ly/2k7GtkT
- Discussion forum: The Continuing Relevance of Anthony de Jasay | by Christopher J. Coyne (Sept. 3, 2015)
- Securing Better Money Through Currency Competition
- China, as well as other countries including Russia, desperately want to reduce their dependence on the dollar. http://bit.ly/2y4vbEo
- Chris Martenson of http://bit.ly/2qZEIV8 called the current US and global financial system "deeply unfair." http://bit.ly/2pk1Jpt
- Top Economists Are Backing Sen. Bernie Sanders on Establishing a $15 an Hour Minimum Wage
- More Fed flops this week. See what new antics they’ve been up to in #FedUpFriday: https://t.co/4mSAvOz3m9
- Science Isn’t Broken. It’s just a hell of a lot harder than we give it credit for. | by Christie Aschwanden. "..headlines that read 'weak, unreplicated study finds tenuous link between certain vegetables and cancer risk' don’t fly off the newsstands.."
- A Rush to Judge Gold
- I spent a lot of time watching coverage on CNBC as the market plummeted. Everybody acted shocked. If they had listened to my podcast last week, they wouldn’t have been surprised. They would have expected it. http://bit.ly/2BeVwQz
Wednesday, July 29, 2015
Trying to write a very concise explanation of what the Fed does when it engages in QE. Help appreciated
I'm writing only what it *does*, not *why* or *what* happens after, just the mechanical explanation of what actions are taken during QE. **The Federal Reserve wires a quantity of fiat money, that didn't exist before, to financial institutions in exchange for bonds.**