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Replying to Avatar Lyn Alden

Back in 2011, Fed Chair Bernanke told Congress that the Fed's balance sheet would return to its pre-crisis level.

It never did, and now it's far larger than in 2011, let alone pre-crisis levels. And by around 2025 it'll level out and start to head up again. It's going up forever, Laura.

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Nicholas 1y ago

Lower highs and higher highs. You can’t taper a Ponzi.

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