Issuing treasuries causing 34 fucking trillion in debt. Let's start w that.
That falls on Congress, not the Fed. You really think they would refuse to issue treasuries? I am not sure you really understand the Fed and its role.
The Federal Reserve (Fed) cannot unilaterally refuse to issue debt. The U.S. Treasury, not the Fed, is responsible for issuing debt to finance the federal government's operations. The Fed's role is to conduct monetary policy, primarily focusing on stabilizing prices and maximizing employment.....
I have been in this State for 30 years and I am willing to admit that I am part of the problem.
"Happiest years of my life were earning < $8.00 and hour, collecting unemployment every spring and fall, no car, no debt and no responsibilities. 1984-1990 Park City UT"
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