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<p>[QUOTE="passantgardant, post: 1145743, member: 30033"]I agree, but my point is that if the interest rates were allowed to be set by the market, then the interest on the national debt would exceed federal income, thus making it impossible to pay. That's why the Fed absolutely must continue to manipulate the interest rates by monetizing the debt and giving the appearance that there's more demand than there truly is. Bernanke will drop money from helicopters if necessary. He has said so plainly.[/QUOTE]</p><p><br /></p>
[QUOTE="passantgardant, post: 1145743, member: 30033"]I agree, but my point is that if the interest rates were allowed to be set by the market, then the interest on the national debt would exceed federal income, thus making it impossible to pay. That's why the Fed absolutely must continue to manipulate the interest rates by monetizing the debt and giving the appearance that there's more demand than there truly is. Bernanke will drop money from helicopters if necessary. He has said so plainly.[/QUOTE]
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