you should study federal reserve balance sheets

I have.

@Diablodeathlord there must be ways not to get it like religious belief or health problems like big time allergies

when the balance sheet goes up that's monetization ... who do you think bought the treasuries?

How could they not have religious exemptions and medical exemptions.

I’m disabled so I can’t get fired but in the next 4 years I could loose Medicare or SSDI because Joe has a past of wanting to cut those

Those are open market operations, not aimed at monetizing debt like MMT. The difference is that monetizations purpose is solely to fund debt. Open market operations can be reversed. And conceivably before Powell, you would expect them to come off balance sheets during the expansions to slow down the economy. It hardly matters though because they said moral hazard doesn’t matter and they have signaled that they have the mandate of low unemployment, strong total cap returns and stable money growth. They can reasonably only focus on one of those.

Joe can’t do anything by himself. Democrats own the house. Seems unlikely.

If conservatives win the senate it’ll be ok for the next 4 years

they bought Treasury securities ... now how do they buy any asset? they create the money out of thin air and buy it (that's how a fiat currency system works) when they buy treasuries that is monetizing the federal debt ... if they were to sell those assets and more importantly reduce their balance sheet that would be de-monetizing the debt which they haven't and won't and can't do ... whatever their claimed aim they are definitely monetizing the debt

Hopefully. Hopefully you are okay either way.

Yes I hope so. Very hard times. Being isolated because you have health conditions. And this world is so hardened. Thank goodness I have faith

It’s hard on everyone

You believe what you want to believe man. I am not arguing, I have spent years studying this professionally, academically and in my off time. Debt monetization is a specific term. If there is a gold bug YouTuber redefining, good for them. But open market operations aren’t generally considered debt monetization by most economist. MMT is debt monetization. Open Market operations have been used to expand the fractional reserves for 50 years. So if you disagree, that’s cool. But unless I see evidence it’s not worth arguing to me.

seems as if Trump is doing just about everything he can to lose the Senate for the Republicans

Awe. We need him to help us win

if you're so smart then explain how an expansion of the federal reserve balance sheet is not also an expansion of the money supply AND explain how when that very balance sheet is filled with treasuries that is not monetizing the federal debt ... heck just define MMT ... I noticed how instead of explaining how I was incorrect you resorted to using undefined terms like MMT and then claiming I'm watching some YouTube gold-something or other ... here you want to see evidence look straight at the own Federal Reserve policy decisions from March where they say "The Committee directs the Desk to increase over coming months the System Open Market Account holdings of Treasury securities and agency mortgage-backed securities (MBS) by at least $500 billion and by at least $200 billion, respectively. " ... expand the balance sheet (print money) by buying treasuries (debt monetization) https://www.federalreserve.gov/newsevents/pressreleases/monetary20200315a1.htm

MMT is modern monetary theory

It’s when all debt is funded by printing money

So in effect you tax everyone

Also source

Econ degree

how is it helping when his own folks are calling for boycotting the election

The fact you don’t know think that’s wrong explains how economically literate you are.

That’s pretty well known

oh so only full monetization counts ... not partial

Open market operations aren’t new

So reimagining them as debt monetization conflates the issue

They are like 50 plus years old

Even Volcker had the ability to conduct Open Market operations

you are correction "partial" monetization has been going on for 50 years

last federal reserve chair with the ability to raise rates it seems

Also I have explained why you are incorrect several times. If you still don’t understand then either I am not the best person to explain it or you are unwilling to learn.

That’s will make everything harder. The dems will undo everything and make us closer to social healthcare. I was an insurance agent. Securities license. If we go to social healthcare it will bankrupt some hospitals they can’t make it on Medicare allowable@meglide

The only reason anyone would even call these open market operations debt monetization is because they have dropped the moral hazard doctrine

@Gypsy, you just advanced to level 4!

@Gypsy what I noticed is you don't answer my questions

Also I don’t want to go on if you are going to insult me. I know what I am talking about, I am not trying to prove anything, I was trying to add to your knowledge base. It’s of no benefit if you don’t want to hear it.

I mean of you know what open market operations are then you know I did. 😂

And truthfully, monetary base expansions are always inflation positive. But rates have opposite short term and long term effects because people adapt to change.

There is an economics lecture I have been waiting to watch. If you @ me and it’s polite I will respond, if not good luck to you.