re: Hedge fund manager Daniel J. Arbess calls for direct money printing to Treasury

quote:

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Such an approach would bypass the credit channel and send cash straight to the Treasury, where it would be deployed as directed by Congress.

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This may be the reason it hasn't been done before. The Fed needs to have some control over where the funds end up. As they have far more control over the banks compared to Congress, putting The Big Money directly into the hands of Congress would not be Plan A. JMHO.