If the ink does not rub off on your butt, it will make good toilet paper

The Federal Reserve says, "to help improve conditions in private credit markets, the Committee decided to purchase up to $300 billion of longer-term Treasury securities over the next six months."

The Wall Street Journal sums that move up nicely: "With rates near zero, the Fed is now essentially printing money to increase the supply of credit in the economy."

Now where's my Econ 101 textbook? I want to see what happens to the value of any given good when you suddenly flood the market with a new supply ...

Comments

a most peculiar nature said…

OK, I have a dumb question. Where exactly DOES this money come from?

March 19, 2009 at 9:19 AM

Steven H. Newton said…

The same place the Continental Congress got it: from the printing press fairy

March 19, 2009 at 3:35 PM

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