On the recordFebruary 8, 2011
Monetization would involve a permanent increase in the money supply to basically pay the government's bills through money creation.
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congress.govMonetization would involve a permanent increase in the money supply to basically pay the government's bills through money creation.
Bernanke distinguishes between debt monetization and temporary measures taken by the Fed.
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monetary policy is not a panacea, so there is still plenty of room for Congress to address some of these problems