The Federal Reserve can only buy Treasuries and agencies, and moreover quantitative easing typically involves buying longer-term Treasuries and agencies in terms of bills, for example.
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Alice laughed: "There's no use trying," she said; "one cannot believe impossible things."I daresay you haven't had much practice," said the Queen. "When I was your age, I always did it for half-an-hour a day. Why, sometimes I've believed in as many as six impossible things before breakfast.
Lewis Carroll
There was a survey done a few years ago that affected me greatly. it was discovered that intelligent people either estimate their intelligence accurately or slightly underestimate themselves, but stupid people overestimate their intelligence and by huge margins. (And these were things like straight up math tests, not controversial IQ tests.)
Harvey Pekar