What's crazy to me is this only accounts to maybe 4-8% of the entire money supply. The vast majority is just plebs burrowing for ANY reason. Every dollar that is burrowed, is dollar created out of thi...
Is'nt the longer term interest rate set by the demand? Fed sets short term, but if they cant sell long term bonds (10yr) at that rate, they force "people" to buy it or buy it themselves.
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