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<p>[QUOTE=&quot;InfleXion, post: 1308543, member: 29012&quot;]I thought that the Treasury printed the FRNs though, after the Fed wires over the amount to be printed. QE as I understand it is when the Fed creates new electronic dollars to purchase treasuries. So it would seem this is a double expansion of the money supply since the Treasury is also creating treasuries which are also new dollars. As you stated before, you can&#039;t use FRNs to buy treasuries, so then what do we call these dollars they are using to do so? Either the digital dollars that are not treasuries or money market accounts or credit must also be called FRNs even though they are not paper, or they need a name of their own.[/QUOTE]</p><p><br /></p>

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