tag:blogger.com,1999:blog-8662052645719387443.post7898586941212851739..comments2023-10-31T11:15:02.478+00:00Comments on Financial Jenga: The Fed is BrokedataSlavehttp://www.blogger.com/profile/16830898080734785119noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8662052645719387443.post-46133967774571248412008-09-18T02:52:00.000+01:002008-09-18T02:52:00.000+01:00While not expanding the money supply immediately, ...While not expanding the money supply immediately, does this not debase the currency? The Fed now has a liability to the Treasury offset by an IOU from AIG. The the extent that a dollar is a liability of the Fed as well, what does it do to the "hardness" of the dollar?thevisiblehandhttps://www.blogger.com/profile/04018067314843447018noreply@blogger.com