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Originally Posted by Adder
I don't really understand the theory behind why this is supposed to work, but I think it is less about mortgage rates than that article suggested.
Also as I think about it more, I'm not sure that this accurately thought of as "printing money" because what I think is happening is replacing longer-term government debt with shorter term government debt. But again, I don't really understand it.
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It is supposed to bring liquidity to the market place and lower long term interest rates.
