Dec 072010
The Fed claims it is not monetizing the debt. Most people don’t believe that statement. Yet most people have no way of evaluating it with data because the Fed is less than forthcoming in most of its dealings.
For those interested in the technical aspects and the numbers, Forbes offers an excellent article, including references to new data series designed to track the shenanigans. Not surprisingly, the monetization is large (and complicated).
Probably only of interest for EconoGeeks or Investors who want to track Fed actions.
[...] Security benefits, etc. There is some serious monetization of debt going on in America (cf. Monty Pelerin), for Bernanke is trying to re-inflate all the [...]