Don’t Fight T-Fed

Check out the accompanying pdf and chart collection. (1) Crossing the border into the fiscal realm. (2) Fed is here to help finance the debt. (3) Consolidating the Treasury and the Fed into “T-Fed.” (4) “Feddie” is still here for us too. (5) Has the Fed been capping the bond yield since MMT Day? (6) Buying all of the Treasury’s new bond issues. (7) MMT has boosted demand deposits and M2 growth. (8) Hooked on fiscal stimulus, Fed officials begging for more. (9) ECB and BOJ are on board the MMT Magical Mystery Tour along with the Fed.