Monetary Policy 101
The Skeptical Optimist has finished a six part series that needs to be read by anyone concerned with government debt and fiscal policy. Since that really should be everyone, I urge you all to take the time to read his posts. They are clear, well written and explain some things that are difficult to grasp in an easy to understand manner.
1 - Money: The economy’s lubrication
2 - Two Printing Presses: One at the Fed, One at the Treasury
3 - How the Fed creates money without creating socialism
4 - How the US Treasury pays back the debt
5 - The public’s T-bond supply
6 - Paying down the debt: Our dubious history, and a startling conclusion
