Monster of the Jekyll Island Team X Fed can only loan team?
This question has been bothering me for a while and I believe your perspective can put an end to my confusiom
Some economists say the Fed prints money and argue that the debt will lead to hyperinflation, stagflation, currency collapse etc...
While others believe the dollars will strengthen from all of this as the whole world chases dollars because most of everything finance out there is dollar-denominated while only going down during QE rounds like we had after the last peak. They also argue that the fed doesn't print money, rather they buy bonds issued by the treasury from primary dealers and that this money doesn't leave the higher echelons of the finance world, and so the Fed is a deflationary institution.
So, according to your perspective, can the Fed print money? or only loan?
Thank you in advance.