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The Fed still does purchases and sales, but not for the purpose of driving the overnight interest rates towards its target. The level of the overnight rate is not affected of any p…

"What happens next is that they buy and sell government bonds in the open market." This describes how central banks operated in the U.S. before 2008 and in Canada before the 1990s.…

The Grit Daily article cited in the linked-to tweet is fake news. It alleges that PayPal's proposed misinformation clause and associated $2500 penalty, which was cancelled by PayPa…