If, instead of the Fed buying bonds as part of a policy of Quantitative Easing, there had been a criminal who purchased with undetectable counterfeit dollars an equivalent amount of government securities, what would the economic impact have been?

(Assume the counterfeiter emulates the Fed in his behavior as much as possible to avoid detection.)

Submitted September 21, 2015 at 07:41AM by dennisrieves http://ift.tt/1isJRAm