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Old 01-16-2009, 08:45 AM
  #8  
RXS676
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Joined APC: Feb 2007
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Originally Posted by jungle View Post
They can't print more money until they float more debt, their ability to sell debt at 0% interest is probably coming to an end shortly.
I agree about their ability to sell debt at 0%, but they absolutely can print money without floating more debt. That's what "printing money" refers to... creating money by simply printing it without selling debt or taking in tax revenue. This is already happening, as debt has been "monetized," meaning that is actually being purchased not by investors, but by the fed, which created money out of thin air to buy it. This is precisely how all of these hundreds of billions of bailout funds over the past several months have been available in the first place.
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