- Oct 24, 2017
- Reaction score
Err ummm.. where do you think the federal government gets the wherewithal for deficit spending? You don’t think it’s by using the fed to monetize debt? Do You think the fed just creates currency for the fun of it?HUh?????Didn't start under Trump, really started under Nixon when he abandoned Bretton Woods.That started under trump...
But lets not let facts get in the way of your pathetic excuses...
The Trump Administration was just the most prolific fiat currency printer in history, UNTIL THE BIDEN ADMINISTRATION CAME ALONG.
The FED does this independent of the President.
You really are clueless.
The FED is printing the same now as under Trump. Again totally clueless and void of facts...
The Fed “prints” it to buy federal government debt instruments (bonds) with the end result being expansion of the money supply at the behest of the Federal Government.
The fed is independent from the US gov. The Feds QE is independent from the US gov.
The Feds QE program has been buying $80B in treasuries and $40 B in mortgage backed securities since June 2020. This has not increased or decreased due to Biden.
To say that the Fed is printing more under Biden than Trump, is just flat wrong and factually incorrect.