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392 sats \ 3 replies \ @siggy47 6 Nov 2023 \ parent \ on: Meta Econ Takeover Day 20 meta

You gotta hand it to them. They come up with creative names:
Money Creation
Debt Monetization
Security Printing
And of course, everyone's favorite:
Quantitative Easing

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604 sats \ 2 replies \ @grayruby 6 Nov 2023

Open Market Operations. Who doesn't love a little OMO with their coffee in the morning.

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449 sats \ 1 reply \ @siggy47 6 Nov 2023

Good one. Now I'm doing a search for these meaningless names. I think they came up with a new one during the covid crash. I can't remember what they called it.

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392 sats \ 0 replies \ @siggy47 6 Nov 2023

In China they have a whole group named the Plunge Protection Team. I love that. They buy stocks. At least they admit it's not a free market.
Edit: It turns out the U.S. has one too, but it's only rumored to actually intervene in markets here.

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