basically, it is free money printing

basically, it is free money printing. When Fed purchased treasury notes/bills, it artifically send moneys to banks. Then banks can do a cascating lending. Interest rate is low, so borrowers can get lower cost loan and easier.

所有跟帖： 

• 印钱不是错，印钱不发给俺才是错哈 --- 老顽石, haha -jy101- ♂ (0 bytes) () 11/03/2010 postreply 15:31:56

• agreed! -比花花还花- ♂ (110 bytes) () 11/03/2010 postreply 16:21:46

• the rate is low but doesn't help, not too many can get the loan -boarding- ♂ (0 bytes) () 11/04/2010 postreply 14:54:14