Friday, Jun 25, 2010
Never
Pragmatic capitalist: When will (US) bound auctions begin to fail?
"Unfortunately, 99% of the inflationistas have a very poor understanding of reserve accounting so their arguments have not only been wrong for a very long time, but they never really carried any weight to begin with (as one reader eloquently put it – “at some point being right has to count for something” – the inflationistas have been horribly wrong throughout this downturn). So what is really happening when the government auctions off bonds? Let’s take a look."
Posted by bellwether @ 02:27 PM (344 views) Add Comment
1 Comment
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