tag:blogger.com,1999:blog-2611021408437270881.post9161814351484482428..comments2024-03-18T23:59:39.885-07:00Comments on Skeptical CPA: No Fed ExitIndependent Accountanthttp://www.blogger.com/profile/07800220849565219709noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2611021408437270881.post-56262340710754739252010-02-13T10:00:00.866-08:002010-02-13T10:00:00.866-08:00The banks can buy T-bonds (and finance the purchas...The banks can buy T-bonds (and finance the purchase at the Fed window!). The money will get out...<br /><br />PS: With the future US deficits, someone with access to the output of the printing press has to be the one buying the T-bonds.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-5833856156495967432010-02-11T18:41:09.881-08:002010-02-11T18:41:09.881-08:00Proponents are guilty of practising economics with...<i>Proponents are guilty of practising economics without prices. They never say what the interest rate on reserves must be to get banks to hold the approximately $1 trillion of reserves above the minimum they're legally required to hold. That's the critical question.</i><br /><br />Maybe the Fed guys plan on using a bunch of IR swaps from Goldman to manage the risk. <br /><br />Lessons from Greece.Anonymousnoreply@blogger.com