Re: My Permanent Portfolio Variant
Posted: Sun Jun 03, 2018 11:26 pm
Maybe persistent deficits, spend 500 billion/year, collect 300B in tax, Print a 200B bond and give it to the Fed, they print a new 200B in cash for you.
Some% of the national debt eventually has to be paid back to citizens but some% can never be paid back to the Fed. Permanent increase in money supply.
QE mightve done it but they're paying the banks to not put the cash into the economy (IOER). Nice work if you can get it.
Some% of the national debt eventually has to be paid back to citizens but some% can never be paid back to the Fed. Permanent increase in money supply.
QE mightve done it but they're paying the banks to not put the cash into the economy (IOER). Nice work if you can get it.