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
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.
And truthfully, monetary base expansions are always inflation positive. But rates have opposite short term and long term effects because people adapt to change.
@Gypsy look two things create the monetization of debt: 1) open market operations as you say but not only that the expansion of the federal reserve balance sheet (that's an increase in the underlying money supply) and 2) filling that balance sheet with debt (US Treasury debt in particular) ... that is by pretty much the definition monetizing the debt ... good luck to you if you wish to deal those points
@Gypsy right and I don't know because I'm no expert and you are ... okay fine ... tell me how this expert is wrong when they say "The Federal Reserve, also known as the Fed, is the central bank of the United States, and it monetizes U.S. debt when it buys U.S. Treasury bills, bonds, and notes." https://www.thebalance.com/how-is-the-fed-monetizing-debt-3306126
sorry I was interrupted from responding ... thought I might learn something about economics but I was wrong ... okay back to our conversation ... we're almost there with socialized healthcare now ... I pay thru the nose for healthcare insurance and they over-charge the insurance company every time I use it to pay for all the folks that don't have insurance or have too little insurance ... then there are the famous words you never want to hear "we're here from the government and we're here to help"
@meglide sorry I was distracted. I hear what you’re saying. But Obamacare did a great deal of the healthcare cost harm to us. I was selling healthcare at the time. I was licensed in all lines but healthcare was my specialty. Obamacare sank us. Get less pay more. And trump tried to end it
Actually he did have a plan. He never was going to hurt us. He would have it ready if Supreme Court ruled to take Obamacare out. See insurance never works the way people are saying. If insurance company goes out another insurance company takes them over. The government can’t drop people either
I spent my entire career in insurance. People don’t realize there is always a back up plan. That’s why insurance companies take over when one fails. Their regulated federally. So the government would have to protect that benefit
