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Is the Fed Going to Stop Buying All This Stuff?
Gilsscar: Can we exist indefinitely with the fed being large, or getting larger and larger? It's a wonder question. And it probably gives us a good excuse to go back and talk about why it is that people are afraid that an increase in money supply creates inflation. He says iffeu basically youn sort of doubled the supply,. In this case, we've quadrupled it or quintupled it. That would have been pretty scary for pretty straightforward reasons.