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Reply #24: I think buying them from the Fed is the better idea. [View All]

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drm604 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 07:51 PM
Response to Reply #20
24. I think buying them from the Fed is the better idea.
The Fed has at least $900B from QE and QE2 and probably more than that. Maybe we can mint an amount equal to whatever the Fed owns and retire it all. That means of course that whatever amount the Fed created for QE and QE2 ends up staying in the economy, but it hasn't caused inflation so maybe that wouldn't be a problem.

Of course this is all hypothetical since there's no way they'd do something like this.
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