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BCB071_LUKE GROMEN: You Can’t Print Energy

Blue Collar Bitcoin

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Is There a Transition to Yield Curve Control?

The problem is the sizes that they need to do it at now are so great relative to the underlying liquidity of the 10 year treasury market. There's not enough buyers for the size they need toDo and that's the policy rate effectively of your real economy. You show up and you start sending yields higher on that, you're going to break the housing market. Your attempts to turn out the debt actually increase the deficit, not lower the deficit.

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