Year of the Doge
The Breakdown
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The Fed's Quantitative Easing Policy
The first catalist came a little more than a decade ago. He was telling it as it had long been, the fed creates money by adding to ere reducing bank's reserves. It now seems the fed will buy almost anything to prop up markets. Meanwhile, the trillions number attached to stimulus efforts in this new era of ce infinity are so unfathomably big that, as bloomburg columnist geridilion noted last spring, money is losing its meaning.
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