Tuesday, September 28, 2021

A practice devaluation at the Fed

Just a hundred billion, over the year. Just to test the idea. 

The Fed can have an algorithm that selects erasures along the Treasury curve.  Hundred billion is peanuts, worthless cash.  Announce the plan and every econs can begin collecting data for their experiments.

We will call it a research expense, standard risk test for central bankers.  Why not? A real human trials if ever there was.

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