Answer: from the Fed's Quantitative Easing. Excerpt:
This paper examines the impact of quantitative easing undertaken by the Federal Reserve from 2020 to 2022, during which the Fed’s mortgage-backed securities (MBS) purchases ($1.33 trillion) were equal to nearly 90% of the growth in MBS ($1.50 trillion). Evidence suggests that housing’s unique role as an asset class is a factor explaining the rise in the cost of housing and hence overall inflation.
Subscribe to:
Post Comments (Atom)
-
Here's a detailed explanation by a Modern Monetary Theory founder, Stephanie Kelton. The bottom line: Social Security's enabling l...
-
Hey! It's for profit, so everything must be working as designed! What concerns me more than the height of peaks at this new point in SA...
-
“Only puny secrets need protection. Big discoveries are protected by public incredulity.” - Marshall McCluhan Although many people ...
No comments:
Post a Comment
One of the objects if this blog is to elevate civil discourse. Please do your part by presenting arguments rather than attacks or unfounded accusations.