The Federal Reserve Is Directly Monetizing US Debt

The Federal Reserve Is Directly Monetizing US Debt

Nov 16, 2019 | News

In a very real way, MMT is already here The Federal Reserve is now directly monetizing US federal debt. Sure, it’s not admitting to this. And it’s using several technical jinks and jives to offer a pretense that things are otherwise. But it’s not terribly difficult to...