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Whiteboard: Quantitative Easing
Tuesday, December 23, 2008
This is another in the series "Fallout: America 's Financial Crisis" from the folks at American Public Media Marketplace. I suppose stick figures help to tell the story.
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2 comments:
This dude is smokin' WEED!!!!
The FED buying Treasuries always causes massive inflation.
Buy gold while you can!!
He forgot to show Uncle Ben (.gov) paying interest on the banks deposits with the FED.
So with the right hand the Fed tries to close the Treasuries he opens the opportunity for banks to get paid to borrow fed money and turn around and deposit it right back into the Fed to collect interest.
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