Friday, 3 June 2011


"Borrowing money from countries who receive our aid is dangerous for both the donor and recipient," Coburn said in a written statement. "If countries can afford to buy our debt, perhaps they can afford to fund assistance programs on their own."
       Change countries to companies: should the Fed be lending money to banks who buy T-Bills.  If they can afford to buy our debt, perhaps they can afford to fund their own balance sheets?
 

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