On Aug 6, 2011, at 11:50 AM, Steve Bruns wrote:
> I'm having trouble parsing the fundamental difference between Brad Delong's $500B platinum coin, Bernanke's "computer keystroke" funding of QE 1, 2 and soon to be 3 and the Chartalist/MMT concept of money = points. Doesn't this put to rest the notion that Treasury needs to borrow funds to deficit spend - other than the statutory requirement, of couse? Could someone point me to a clarification?
QEn hasn't done much, really, has it?