|Ron Paul's T-Bill Bonfire!|
Ron Paul: He Looks Sane but He's Really Not...Of course, if the Treasury did do that — it might as well do away with the concept of quantitative easing via asset purchases altogether and let the Fed literally roll the printing presses Zimbabwe style. There would, after all, be no illusion that QE was anything other than money printing from thin air.
The whole point of keeping hold of the Treasuries, after all, is connected to the Fed having the power one day to soak up the additional money supply it has created. Without the bonds, it would be restricted on the tightening measures it can deploy.