(March 12, 2020 at 3:22 pm)BrianSoddingBoru4 Wrote: Questions for people who know more about this than I do (i.e. everyone):
I just read that the US Federal Reserve is going to pump 1.5 TRILLION dollars into financial markets to get people to calm the fuck down. Is this real money, or some sort of jiggery-pokery with balance sheets?
If it’s real, actual cash, what happened to the we-can’t-afford it argument when it comes to spending on things like healthcare and public assistance?
If it’s simply accounting magic, how is it going to actually help?
Please keep your answers short and use small words. Pretend I’m Trump.
Boru
I don't know the answer but I can say if the goal is to rapidly destroy wealth, the announcements are working great.