Intel Corp (INTC)

[Windsock]

You state that I did not present any sources of information for my conclusion that the Fed does not print money and go on to conclude that your informed opinion is better than my opinion that "presents nothing". I reviewed your original post and strangely it seems that you do not cite any sources for your opinion that the Fed prints money.

Stranger still is that I did indeed present "something" that explains how the Fed regulates the money supply. The link to Quantitative Easing at Wikipedia explains how Quantitative easing works and includes a discussion of how the Fed regulates the money supply using this tool.

By the way, the outfit that does print money is the US Treasury. It has the printing presses, the paper, the ink and the printing plates.

Epistemic closure is common in the political discussions that you continually instruct us to avoid. But I think that we should aim for a higher standard on this board.

In the past you stated in a discussion that included your Fed printing money theory that the Fed held the majority of the federal debt. At the time I pointed out that you were clearly wrong on the share of federal debt held by the Fed but did not have to time to find and site a source. Well, I have since found the time and the correct answer is that the Fed holds about 14% of the federal debt, just a tad short of a "majority".

http://en.wikipedia.org/wiki/Quantitative_easing

Perhaps the numerous financial experts that you use to obtain your information on the Fed are ill informed.