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2min chapter
Is Sound Money the Answer? with George Gammon (WiM268)
The "What is Money?" Show
What Is Money?
If the US government wanted to pass a 10 trillion dollar spending package right and they now need to go generate from nothing 10 trillion dollars in US treasuries. That would be obviously a significant increase to m2 so I should have specified not buying the treasuries necessarily open in the open market which wouldn't change things so much in terms of m2 but when you're creating new treasuries and selling them and the feds buying them that would increase m2, he says.
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