My favorite part about explaining how the Fed works to people who are unfamiliar is explaining that Fed notes are redeemable in other Fed notes. They have the most puzzled, incredulous look.
RE: Another Round of Quantitative Easing on the Horizon
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Another Round of Quantitative Easing on the Horizon
Has anyone ever walked into a branch of the Fed and tried it? That might also get an incredulous look.
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I dunno, but now that you mention it, I might have to try it.
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