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pscot

(21,044 posts)

2. Bonds don't circulate

Reply to dkf (Reply #1)

Sat May 19, 2012, 07:43 PM

May 2012

so the fed can issue as many as they like without creating inflation. They just keep passing the paper from one hand to the other. I think that's what Krugman is getting at.

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Can we ever have a debt crisis? (Krugman answers) [View all] cthulu2016 May 2012 OP

Our rates are low because the Fed buys the majority of our new issues. dkf May 2012 #1

Bonds don't circulate pscot May 2012 #2