Shareholders Unite

Expecting Hyper-Inflation: Fed Chooses to Monetize America's Debt

All this is complete nonsense and scaremongering.

1) When the economy recovers most of the excess liquidity created can be reigned in, by the same open market transactions

2) The critics of this policy have NO alternative. If we do nothing, the economy will sink by the workings of two mutually reinforcing vicious cycles:
- shrinking balance sheets, forced asset sales, even more shrinking balance sheets
- increased savings, reduced production and income, even more increased savings.
And these will let the public deficit spiral out of control anyway

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