Что конкретно сделали в пятницу

[birdwatcher]

What is significant about Friday's repurchase agreements is not so much their size, but the securities that the Fed exchanged for money: mortgage-backed securities (MBS). Indeed, the entire $38 billion dollar injection went to MBS purchases, the largest open market purchase of this asset type ever conducted by the Fed.

Comments

[ant-fugue.livejournal.com]

Thanks!

This filled in a few holes. IT's a prejudiced text, but it does have lots of substance as well. I had 2 semesters of college economics, so I have a vague idea as I mentioned before, but when the banking gets really complex, I get confused.

It was interesting to see how FDIC really works... would another solution be breaking in out gold bullion? I guess that would create gold inflation, though.

[glocka.livejournal.com]

Inflation == injection of more of the same.

So, to create inflation of gold, gold sould be added to circulation. Not as easy task as to print paper money (or manipulate records in database).
When ruling elite wants to prevent enevitable collapse of the paper money based economy, it can allow gold as currency in some limited fasion, for example, "золотой чеpвонец" at one point in Russian history.