AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Bipartisan Agreement on Monetization
The distinction between quantitative easing to monetization happened when the repo market broke down. The Fed had to step in and start monetizing T-bills. Lael Brainerd had written extensive papers in the past, call it 18, 24 months prior to not QE that specified that any type of foray would start in the short end of the T-bill market.