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A comment on The Fed Has Bought 70% of Net Treasury Issuance Since October. Parent comment

Re:The Fed Has Bought 70% of Net Treasury Issuance Since Oct... by RockIslandLine on Tuesday January 28, 2020 @12:52PM (#22171945)
"But the things people with money try to buy, education, property, financial assets, are mostly of a fixed supply and the prices will just keep spiraling."

Education is not in any way a fixed supply. We can train more teachers.

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Re:The Fed Has Bought 70% of Net Treasury Issuance Since Oct... by wolfram74 on Tuesday January 28, 2020 @01:11PM (#22172235)
It's not fixed, but it's not perfectly elastic either the way, say, hot dogs are. Part of the value of educational institutions is their track record, new schools have no track record, so aren't a perfect substitution.
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