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Reply #35: Yes, exactly. Buying them from the Fed would truly have no effect, and the Fed would be FORCED to [View All]

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BzaDem Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 11:10 PM
Response to Reply #31
35. Yes, exactly. Buying them from the Fed would truly have no effect, and the Fed would be FORCED to
accept the trillion dollar coin (since it would be legal tender). So long as we didn't go above and beyond the bonds we had at the Fed, and so long as the debt ceiling were eventually raised to allow the reverse transaction to happen in time for the Fed wanting to unwind, it won't affect the economy at all.
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