It's the Deficit Dummy? Well, not really!!!!

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11. +1

Also, Cheney was of the opinion that the Fed was a bottomless well - capable of financing any and all fiscal profligacy (especially wars!).

And it is amazing what they were able to later pull off - rescuing the country from 1929-style collapse on the heels of $20+ trillion in Bush-era bad debts (mainly derivatives).

They covered all of that - something most countries can't do by a mile.

But everything has its limits. And God help us if the Fed ever reaches its.