Like, what's its purpose, and why is it so different from normal open-market operations? It seems like its just like open market operations, but just buying longer-term treasuries?
Like, what's its purpose, and why is it so different from normal open-market operations? It seems like its just like open market operations, but just buying longer-term treasuries?
This almost reads like Hitherby Dragons. I think it's the personification of the money.