They didn't take their own advice, that they previously gave to the Japanese central bank in the 1990s. Instead, they started paying interest on excess reserves to neuter their own buying.
> Inflation never took hold no matter what they tried.
They tried approximately nothing. As I said, if you found a way to keep printing money without raising inflation, that's actually an opportunity, not a problem: just keep printing money and gradually buy the rest of the world for a bit of paper and ink. (Well in reality, it's only database entries. Which are even cheaper.)
If they can't create inflation, they should go and take lessons from Argentina, Turkey or Zimbabwe.
> the Feds can never be out of assets, as they just print more.
The Fed prints liabilities, not assets. Domestic money is a liability for the Fed. Assets are the stuff they bought with the money, like eg bonds or gold.
They didn't take their own advice, that they previously gave to the Japanese central bank in the 1990s. Instead, they started paying interest on excess reserves to neuter their own buying.
> Inflation never took hold no matter what they tried.
They tried approximately nothing. As I said, if you found a way to keep printing money without raising inflation, that's actually an opportunity, not a problem: just keep printing money and gradually buy the rest of the world for a bit of paper and ink. (Well in reality, it's only database entries. Which are even cheaper.)
If they can't create inflation, they should go and take lessons from Argentina, Turkey or Zimbabwe.
> the Feds can never be out of assets, as they just print more.
The Fed prints liabilities, not assets. Domestic money is a liability for the Fed. Assets are the stuff they bought with the money, like eg bonds or gold.