Johnaus, you said:
"They aren't 'monetizing the debt', the so called 'debt' is money that has already been earned by other countries by selling American's goods and services."
Your statement refers to the treasuries purchased by foreign entities, correct? Im not talking about these purchases, Im talking about those purchased by the Fed directly.
Im not arguing that money printing should stop completely, Im arguing that the metrics used to determine its growth are flawed, and furthermore, since the GFC the rule book has been thrown out the window.
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