The Taper begins….sorta

In this post from last January, I summed up the Fed’s current ‘Quantitative Easing’ program with these words:

At $85 billion per month, the total amount that the Fed will increase the money supply by is $1.02 TRILLION in 2013.

Yesterday, the Fed announced that they are going to cut back on their bond purchases.  They are cutting back from $85 billion per month to…

… $75 billion per month.

Thanks, Helicopter Ben.   You are going to cut back from increasing the money supply by $1.02 trillion in 2013 to a mere $900 billion in 2014.

Now that’s just gonna be…

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Categories: Banksters, Borrowing, Debt, Good News Everyone!, Inflation, Money Supply

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