Mention568425

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so:text Of course, shedding the debt burden would be a happy development for our country, but it would nevertheless pose a big dilemma for the Fed. Our primary lever of monetary policy was buying and selling treasury securities-Uncle Sam's IOU's. But as the debt was paid down, those securities would grow scarce, leaving the Fed in need of a new set of assets to effect monetary policy. (en)
so:isPartOf https://en.wikiquote.org/wiki/Alan_Greenspan
so:description The Age of Turbulence (2008) (en)
so:description 2000s (en)
qkg:hasContext qkg:Context280158
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qkg:Quotation538835 qkg:hasMention
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