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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 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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