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To: ajsharp who wrote (63531)3/25/2020 1:09:50 PM
From: William Cloutier  Read Replies (2) | Respond to of 78430
 
Thanks for your feedback

I guess my question is now: from who the FED is buying?
If they buy with central money (bad translation from french)
from banks and other financial institutions then I think you're
right that QE will not directly cause inflation. But can the
FED purchase or lend with fiduciary money?

P.S. on an accounting point of view, they are creating a
deposit (credit) and obtaining a financial asset (debit).
So, they are not printing physical money but it seems
that they are creating central money (french again :p)
and swapping it with an asset.

P.S. 2
I bought Principles for Navigating Big Debt Crises.
I'm supposed to receive it Sunday, but I guess Amazon
just took my money without telling me the real delivery date.

Take care
Will