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Unformatted text preview: out enough money to the government to fund its operations for several months, which is called monetizing the debt. Many people are seeing this as a step towards spiraling inflation and also they think it risks reckless government spending. The Central bank is independent today and its officials note that the Treasury isnt demanding that the Fed buy government debt. Fed officials say that puts them in a position to sell the bonds when they want....
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This note was uploaded on 03/30/2011 for the course ENGINEERIN 127 taught by Professor Finch during the Spring '08 term at Rutgers.
- Spring '08