– “The Fed plans to create money, essentially out of thin air,…”
“The Fed plans to create money, essentially out of thin air, and then pump it into the economy by buying Treasury bonds on the open market. These purchases are to be finished by the end of June, the Fed said.”
Fed to buy $600 billion in bonds in effort to boost economic recovery
www.washingtonpost.com/wp-dyn/content/article/2010/11/03/AR2010110305412.html
Thursday, November 4, 2010
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