I almost made this point about how the analogy doesn't hold because we had limits to the wood, where the fed can print to infinity. Yet, while there is no upper limit of the Fed's balance sheet, the "cost" comes in inflation or currency devaluation.
I almost made this point about how the analogy doesn't hold because we had limits to the wood, where the fed can print to infinity. Yet, while there is no upper limit of the Fed's balance sheet, the "cost" comes in inflation or currency devaluation.
I almost made this point about how the analogy doesn't hold because we had limits to the wood, where the fed can print to infinity. Yet, while there is no upper limit of the Fed's balance sheet, the "cost" comes in inflation or currency devaluation.