Yeah, I agree, buying up MBS and then selling them back into the market or holding them til maturity doesn’t sound like something the Fed should be or is capable of doing. And that’s just to get around not being able to just print without Congress consent?
Honestly, just printing may be less detrimental to the average citizen as the sellers of these assets are the only ones that truly gain (and exponentially).
Literally none of it makes sense. Rube Goldberg machine that relies on the majority not understanding.
Matt
npub1wh…txev5
2023-07-09 18:01:34
in reply to nevent1q…wjn5
Author Public Key
npub1whe2znmfcwrmfwd3lksfsl6trsjq7s4rffjvgyfzfhtyw3k4f3us8txev5Published at
2023-07-09 18:01:34Event JSON
{
"id": "2f3ef71679b94639ce9299c276354852c3ca5ed2e6b10b51929d42c650b4c3cc",
"pubkey": "75f2a14f69c387b4b9b1fda0987f4b1c240f42a34a64c411224dd64746d54c79",
"created_at": 1688925694,
"kind": 1,
"tags": [
[
"e",
"853d75286d41e4165395a6b3aa1ead6fec4d2b1b1b965a556bc657a24fce0eb8"
],
[
"e",
"47a35e5386197a7761a1b67ca83ee7d4495b1a8db396b1facde8c8c266c5c61e"
],
[
"p",
"e45a0e649b7583610352ee14c946929a074da58fe3d9e38cc8132fe78366af21"
]
],
"content": "Yeah, I agree, buying up MBS and then selling them back into the market or holding them til maturity doesn’t sound like something the Fed should be or is capable of doing. And that’s just to get around not being able to just print without Congress consent? \n\nHonestly, just printing may be less detrimental to the average citizen as the sellers of these assets are the only ones that truly gain (and exponentially). \n\nLiterally none of it makes sense. Rube Goldberg machine that relies on the majority not understanding.",
"sig": "ab44a1390783c75d7bdbc2a8f13acfe00e73e3da3a25e74cee8cf4b7fb597e6da561a72bd32ccc6ea1ee874c5a528ae06793d5471f050e867909589d227b902c"
}