That's an ominous statement. Destroying the currency entirely is the eventual result of using an unlimited balance sheet.“There has been more talk among members of the FOMC of an open-ended program,” Dean Maki, chief U.S. economist at Barclays Plc, said in an interview at Jackson Hole. Such a program would be more effective because it “would emphasize the unlimited nature of the Fed’s balance sheet and that they’re willing to do as much as necessary.”


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