I think when the Fed, indirectly through bank intermediaries, nevertheless directly is effectively purchasing the debt that we are issuing on a massive scale, something on the order of two-thirds of the deficit that we are running this year, it certainly looks a lot like monetizing it to me.
Toomey argues that the Fed's actions resemble debt monetization amid high deficits.
Share
More from Pat Toomey
Dependency on countries like China poses a huge economic risk and an unacceptable national security risk.
We should not pay for an infrastructure package by borrowing billions more dollars, but that is precisely what happened with this law.
If an American venture capital firm, for instance, is investing in a Chinese artificial intelligence company that has ties to the Chinese military, a technology transfer that is associated with that deal that included some kind of…
Other voices in this conversation
