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jyl jyl is online now
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Join Date: Jan 2002
Location: Nor California & Pac NW
Posts: 24,857
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The Fed's toolkit is blunt. They can buy $4TR of bills, bonds and paper, and thus suppress borrowing rates throughout the financial markets. They can't control where that $4TR is re-spent or what companies do with those lower borrowing costs. They have no ability to encourage smart use of resources. They can prop up asset prices generally, and enable higher government (and corporate, and consumer) borrowing.
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1989 3.2 Carrera coupe; 1988 Westy Vanagon, Zetec; 1986 E28 M30; 1994 W124; 2004 S211
What? Uh . . . “he” and “him”?

Last edited by jyl; 09-28-2020 at 05:13 PM..
Old 09-28-2020, 10:02 AM
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