BlogMonetization of the debt. Look it up - Google it in fact. There are 237,000 articles on it for your education. In a nutshell, it is a bad idea! How did we get here? Darned if I know, but our Federal Reserve Chairman told us in June of last year that he wouldn't do this, yet here we are:

Either cuts in spending or increases in taxes will be necessary to stabilize the fiscal situation...The Federal Reserve will not monetize the debt.

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