Yankee Finance Capitalism Is Cannibalizing Itself!

The treasury market used to be only one of the only places in the finance capital system that was relatively safe.  These days the treasury market is so large that the only way to keep it under control is for the Fed to intervene by buying its own treasury bonds. In order to do that it needs to print more fiat money. We’d love to see how a rose-colored  market fundamentalist economics professor would explain this as an indicator of a healthy economy.